Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDER???S EQUITY AND EQUITY-BASED COMPENSATION - Narrative (Details)

v3.22.2
STOCKHOLDER’S EQUITY AND EQUITY-BASED COMPENSATION - Narrative (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 08, 2022
day
shares
Jul. 13, 2021
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
vote
$ / shares
shares
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
plan
vote
$ / shares
shares
Jun. 30, 2021
USD ($)
Dec. 31, 2021
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Common stock authorized (in shares)     2,500,000,000   2,500,000,000   2,500,000,000
Common stock par value (in dollars per share) | $ / shares     $ 0.0001   $ 0.0001   $ 0.0001
Preferred stock authorized (in shares)     25,000,000   25,000,000    
Preferred stock par value (in dollars per share) | $ / shares     $ 0.0001   $ 0.0001    
Number of approved plans | plan         9    
Compensation expense | $     $ 20,781 $ 1,348 $ 43,335 $ 2,762  
Shares withheld for employee taxes on vested equity (In shares)     230,866   1,913,246    
Shares withheld for employee taxes on vested equity awards | $     $ (600)   $ (6,700)    
Shares withheld for tax withholding obligation per share (in dollars per share) | $ / shares     $ 2.52   $ 3.59    
Common Class A              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Common stock authorized (in shares)     2,500,000,000   2,500,000,000    
Common stock par value (in dollars per share) | $ / shares     $ 0.0001   $ 0.0001    
Voting rights per share | vote     1   1    
WUP Profits Interests              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Weighted average remaining contractual term (in years)         9 years    
Unrecognized compensation cost | $     $ 500   $ 500    
Unrecognized compensation cost recognition period (in years)         8 months 12 days    
Total vested fair value | $         $ 800    
Granted (in shares)         0    
Vested or will vest (in shares)         2,362,000    
Compensation expense | $     $ 200 200 $ 900 500  
Nonvested awards (in shares)     2,365,000   2,365,000   4,733,000
WUP Restricted Interests              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Weighted average remaining contractual term (in years)         7 years 6 months    
Unrecognized compensation cost recognition period (in years)         2 months 12 days    
Total vested fair value | $         $ 15,600    
Unrecognized compensation | $     $ 100   $ 100    
Vesting period (in years)         4 years    
Service period (in years)         4 years    
Vesting period after initial public offering (in months)         6 months    
Vesting period after lock-up period (in days)         30 days    
Vested or will vest (in shares)         3,899,000    
Compensation expense | $     200 0 $ 400 0  
Stock options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Compensation expense | $     1,100 1,100 4,200 2,300  
RSUs              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Compensation expense | $     9,700 0 $ 18,700 0  
Earnout Share              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost recognition period (in years)         9 months 18 days    
Unrecognized compensation | $     20,800   $ 20,800    
Compensation expense | $     $ 9,600 $ 0 $ 19,100 $ 0  
Nonvested awards (in shares)   9,000,000          
Earnout Share | Vesting period one              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Nonvested awards (in shares)     3,000,000   3,000,000    
Earnout Share | Vesting period two              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Nonvested awards (in shares)     3,000,000   3,000,000    
Earnout Share | Vesting period three              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Nonvested awards (in shares)     3,000,000   3,000,000    
Earnout Share | Common Class A              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Expiration period (in years)   5 years          
Earnout Share | Common Class A | Vesting period one              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Vesting milestone (in dollars per share) | $ / shares   $ 12.50          
Minimum threshold days (in days)   20 days          
Number of consecutive trading days (in days)   30 days          
Expiration period (in years)   5 years          
Earnout Share | Common Class A | Vesting period two              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Vesting milestone (in dollars per share) | $ / shares   $ 15.00          
Earnout Share | Common Class A | Vesting period three              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Vesting milestone (in dollars per share) | $ / shares   $ 17.50          
Profit Interest Based Award and Restricted Stock              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Weighted average remaining contractual term (in years)   1 year 8 months 12 days          
Compensation expense | $   $ 57,900          
2022 Inducement Grant Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Inducement grant plan (in shares)     2,051,282   2,051,282    
MIP Plan VII | WUP Profits Interests              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Shares authorized (in shares)     31,300,000   31,300,000    
MIP Plan VII | WUP Restricted Interests              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Shares authorized (in shares)     4,700,000   4,700,000    
WUP Stock Option Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation | $     $ 2,800   $ 2,800    
Fair value of stock options vested | $         $ 1,300    
WUP Stock Option Plan | Stock options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Shares authorized (in shares)     17,500,000   17,500,000    
Unrecognized compensation cost recognition period (in years)         1 year 1 month 6 days    
Aggregate intrinsic value | $     $ 0   $ 0    
Weighted average remaining contractual term, outstanding (in years)         7 years 3 months 18 days    
Weighted average remaining contractual term, exercisable (in years)         7 years 2 months 12 days    
WUP Stock Option Plan | Stock options | Common Class A              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Voting rights per share | vote     1   1    
2021 LTIP              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Shares authorized (in shares)     27,300,000   27,300,000    
Unrecognized compensation | $     $ 2,700   $ 2,700    
Fair value of stock options vested | $         $ 700    
2021 LTIP | Stock options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost recognition period (in years)         1 year 10 months 24 days    
Aggregate intrinsic value | $     0   $ 0    
Weighted average remaining contractual term, outstanding (in years)         9 years    
Weighted average remaining contractual term, exercisable (in years)         9 years    
2021 LTIP | RSUs              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost recognition period (in years)         2 years 6 months    
Unrecognized compensation | $     $ 76,800   $ 76,800    
Fair value of stock options vested | $         $ 3,300    
Granted (in shares)         13,637,000    
Vested or will vest (in shares)         512,000    
Nonvested awards (in shares)     19,613,000   19,613,000   8,411,000
2021 LTIP | Performance Stock Units              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unvested grant day fair value | $         $ 1,900    
Granted (in shares)         1,149,000    
Vested or will vest (in shares)         0    
Nonvested awards (in shares)     1,149,000   1,149,000   0
2022 CEO Awards | RSUs              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Granted (in shares) 1,600,000       1,600,000    
2022 CEO Awards | Service award              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Vesting period (in years) 3 years            
2022 CEO Awards | Performance-based RSUs              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Granted (in shares) 380,000            
Vested or will vest (in shares)         0    
2022 CEO Awards | Performance-based RSUs | Vesting period one              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost recognition period (in years)         7 months 6 days    
Unrecognized compensation | $     $ 300   $ 300    
Vested or will vest (in shares)         133,333    
2022 CEO Awards | Market-based RSUs              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost recognition period (in years)         3 years 9 months 18 days    
Unrecognized compensation | $     300   $ 300    
Granted (in shares) 1,615,000            
Vested or will vest (in shares)         0    
Grant date fair value | $     $ 300   $ 300    
Derived weighted-average service period         3 years 9 months 18 days    
2022 CEO Awards | Market-based RSUs | Vesting period one              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Vesting condition, threshold consecutive trading days | day 30