Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.24.1
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Share-based Compensation

Share-based compensation, inclusive of amounts capitalized, for the periods presented was as follows:

 

 

 

Years Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

Restricted stock units

 

$

15,285

 

 

$

26,046

 

Retention restricted stock units

 

 

6,020

 

 

 

24,763

 

Stock options

 

 

162

 

 

 

273

 

Share-based compensation expense

 

$

21,467

 

 

$

51,082

 
Summary of Activity Related to RSUs

The following table summarizes activity related to RSUs during 2023:

 

 

Number of RSUs

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Unvested as of December 31, 2022

 

 

15,982,694

 

 

$

3.29

 

Granted

 

 

9,131,298

 

 

 

1.52

 

Vested

 

 

(5,099,399

)

 

 

3.27

 

Forfeited

 

 

(2,310,123

)

 

 

2.86

 

Unvested as of December 31, 2023

 

 

17,704,470

 

 

$

2.44

 
Summary of Activity Related to Stock Options

The following table summarizes activity related to stock options during 2023:

 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

 

Weighted-
Average
Remaining
Contractual
Term (Years)

 

Outstanding as of December 31, 2022

 

 

1,673,042

 

 

$

0.94

 

 

$

1,079

 

 

 

4.22

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(653,299

)

 

 

0.70

 

 

 

 

 

 

 

Forfeited

 

 

(13,794

)

 

 

0.08

 

 

 

 

 

 

 

Outstanding as of December 31, 2023

 

 

1,005,949

 

 

$

1.10

 

 

$

235

 

 

 

4.33

 

Exercisable as of December 31, 2023

 

 

951,635

 

 

$

1.08

 

 

$

235

 

 

 

4.20

 
Retention Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Activity Related to RSUs

The following table summarizes activity related to Retention RSUs during 2023:

 

 

Number of RSUs

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Unvested as of December 31, 2022

 

 

4,135,052

 

 

$

7.89

 

Granted

 

 

—

 

 

 

—

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

(796,594

)

 

 

7.65

 

Unvested as of December 31, 2023

 

 

3,338,458

 

 

$

7.95