EQUITY-BASED COMPENSATION (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
Share-based Payment Arrangement [Abstract] |
|
Shared-based Payment Arrangement, Profits Interests, Activity |
The following table summarizes the profits interests activity under the WUP management incentive plan as of September 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Profits Interests |
|
Weighted-Average Grant Date Fair Value |
|
(in thousands) |
|
|
Outstanding profits interests as of January 1, 2021 |
29,111 |
|
|
$ |
0.42 |
|
Granted |
— |
|
|
— |
|
Exercised |
(206) |
|
|
0.74 |
|
Expired/forfeited |
— |
|
|
— |
|
Outstanding profits interests as of September 30, 2021 |
28,905 |
|
|
$ |
0.42 |
|
|
Schedule Of Nonvested Profit Interests Activity |
The following table summarizes the status of non-vested profits interests as of September 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Profits Interests |
|
Weighted-Average Grant Date Fair Value |
|
(in thousands) |
|
|
Non-vested profits interests as of January 1, 2021 |
12,619 |
|
|
$ |
0.29 |
|
Granted |
— |
|
|
|
Vested |
(7,886) |
|
|
0.25 |
|
Forfeited |
— |
|
|
— |
|
Non-vested profits interests as of September 30, 2021 |
4,733 |
|
|
$ |
0.35 |
|
|
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity |
The following table summarizes the restricted interests activity under the WUP management incentive plan as of September 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Restricted Interests |
|
Weighted-Average Grant Date Fair Value |
|
(in thousands) |
|
|
Non-vested and outstanding restricted interests as of January 1, 2021 |
4,662 |
|
|
$ |
3.98 |
|
Granted |
— |
|
|
— |
|
Vested |
— |
|
|
— |
|
Expired/forfeited |
— |
|
|
— |
|
Non-vested and outstanding restricted interests as of September 30, 2021 |
4,662 |
|
|
$ |
3.98 |
|
|
Share-based Payment Arrangement, Option, Activity |
The following table summarizes the activity under the stock option plan as of September 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Stock Options |
|
Weighted- Average Exercise Price |
|
Weighted-Average Grant Date Fair Value |
|
(in thousands) |
|
|
|
|
Outstanding stock options as of January 1, 2021 |
16,284 |
|
|
$ |
7.51 |
|
|
$ |
1.17 |
|
Granted |
921 |
|
|
10.00 |
|
|
3.54 |
|
Exercised |
(230) |
|
|
7.19 |
|
|
0.78 |
|
Expired/forfeited |
(49) |
|
|
7.19 |
|
|
0.67 |
|
Outstanding stock options as of September 30, 2021 |
16,926 |
|
|
$ |
7.65 |
|
|
$ |
1.31 |
|
Exercisable stock options as of September 30, 2021 |
11,747 |
|
|
$ |
7.39 |
|
|
$ |
1.03 |
|
|
Schedule of Nonvested Share Activity |
The following table summarizes the status of non-vested stock options as of September 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Stock Options |
|
Weighted-Average Grant Date Fair Value |
|
(in thousands) |
|
|
Non-vested stock options as of January 1, 2021 |
10,987 |
|
|
$ |
1.41 |
|
Granted |
921 |
|
|
3.54 |
|
Vested |
(6,681) |
|
|
1.29 |
|
Forfeited |
(48) |
|
|
0.67 |
|
Non-vested stock options as of September 30, 2021 |
5,179 |
|
|
$ |
1.94 |
|
|
Share-based Payment Arrangement, Restricted Stock Unit, Activity |
The following table summarizes the activity under the 2021 LTIP Plan related to RSUs as of September 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of RSUs |
|
Weighted-Average Grant Date Fair Value |
|
(in thousands) |
|
|
Non-vested and outstanding RSUs as of January 1, 2021 |
— |
|
|
$ |
— |
|
Granted |
5,856 |
|
|
7.48 |
|
Vested |
— |
|
|
— |
|
Forfeited |
— |
|
|
— |
|
Non-vested and outstanding RSUs as of September 30, 2021 |
5,856 |
|
|
$ |
7.48 |
|
|
Share-based Payment Arrangement, Expensed and Capitalized, Amount |
The following table summarizes equity-based compensation expense recognized by condensed consolidated statement of operations line item (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
Cost of revenue |
$ |
679 |
|
|
$ |
109 |
|
|
$ |
779 |
|
|
$ |
226 |
|
Technology and development |
619 |
|
|
129 |
|
|
806 |
|
|
342 |
|
Sales and marketing |
2,449 |
|
|
261 |
|
|
2,901 |
|
|
814 |
|
General and administrative |
24,159 |
|
|
669 |
|
|
26,182 |
|
|
1,142 |
|
Total equity-based compensation expense |
$ |
27,906 |
|
|
$ |
1,168 |
|
|
$ |
30,668 |
|
|
$ |
2,524 |
|
|