General form of registration statement for all companies including face-amount certificate companies

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Schedule of Share-based Payment Award, Stock Options, Valuation Assumption
A summary of the weighted-average assumptions is presented below for the six months ended June 30, 2020, and there were no awards of stock options during the six months ended June 30, 2021:
 
    
Six Months Ended
June 30,

2020
 
Fair value per common share
   $ 0.0011  
Weighted-average risk-free interest rate
     0.85
Volatility
     65.00
Expected term (in years)
     2.50  
Dividend rate
     0
A summary of the weighted-average assumptions is presented below:
 
    
December 31,
 
    
2020
   
2019
 
Weighted-average grant date fair value
   $ —       $ 0.09  
Weighted-average risk-free interest rate
     0.81     2.10
Volatility
     65.00     65.00
Expected term (in years)
     2.50       4.00  
Dividend rate
     0     0
Summary of stock option activity
A summary of the Company’s stock option activity under the 2011 and 2014 Plans during the six months ended June 30, 2021 is presented below:
 
    
Six Months Ended June 30, 2021
 
    
Options
    
Weighted-

Average

Exercise Price
    
Weighted

Average

Remaining

Contractual

Term (Years)
    
Aggregate

Intrinsic Value

(in thousands)
 
    
(in thousands)
                      
Outstanding - January 1, 2021
     38,258      $ 0.0197                    
Granted
     —          —                      
Exercised
     (7,440      0.0079                    
Forfeited
     (1,838      0.0108                    
    
 
 
                            
Outstanding - June 30, 2021
     28,980        0.0219        7.8      $ 21,499  
    
 
 
    
 
 
    
 
 
    
 
 
 
Exercisable - June 30, 2021
     15,080      $ 0.0382        7.2      $ 10,948  
    
 
 
    
 
 
    
 
 
    
 
 
 
A summary of the Company’s stock option activity under the 2011 and 2014 Plans for the year ended December 31, 2020 is presented below:
 
    
Year Ended December 31, 2020
 
    
Options

(in thousands)
    
Weighted-
Average
Exercise Price
    
Weighted
Average
Remaining
Contractual
Term (Years)
    
Aggregate
Intrinsic Value

(in thousands)
 
Outstanding - January 1, 2020
     42,276      $ 0.1796                    
Granted
     24,406        0.0011                    
Exercised
     (2,061      0.0100                    
Forfeited
     (26,363      0.0066                    
    
 
 
    
 
 
                   
Outstanding - December 31, 2020
     38,258        0.0197        8.2      $ 1,309  
    
 
 
    
 
 
    
 
 
    
 
 
 
Exercisable - December 31, 2020
     18,774      $ 0.0349        7.6      $ 581  
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary of the Company's non-vested restricted share awards
A summary of the Company’s nonvested restricted stock awards activity during the six months ended June 30, 2021 is presented below:
 
    
Six Months Ended June 30, 2021
 
    
Restricted Stock
Awards
    
Weighted-Average
Grant-Date Fair
Value
 
    
(in thousands)
 
    
 
    
 
 
Nonvested - January 1, 2021
     9,767      $ 0.0011  
Granted
     —          —    
Vested
     (3,293      0.0011  
Canceled
     (113      0.0011  
  
 
 
    
 
 
 
Nonvested - June 30, 2021
     6,361      $ 0.0011  
  
 
 
    
 
 
 
A summary of the Company’s
non-vested
restricted share awards for the year ended December 31, 2020 is presented below:
 
    
Year Ended December 31, 2020
 
    
Restricted
Stock Awards
    
Weighted-
Average Grant-
Date Fair Value
 
    
(in thousands)
        
Nonvested at January 1, 2020
     —        $ —    
Granted
     38,224        0.0011  
Vested
     (26,050      0.0011  
Forfeited
     (2,407      0.0011  
    
 
 
    
 
 
 
Nonvested at December 31, 2020
     9,767        0.0011  
    
 
 
    
 
 
 
Restricted Stock Units (RSUs) [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Summary of the Company's non-vested restricted share awards
A summary of the Company’s nonvested restricted stock units activity during the six months ended June 30, 2021 is presented below:
 
    
Six Months Ended June 30, 2021
 
    
Restricted Stock
Units
    
Weighted-Average
Grant-Date Fair
Value
 
    
(in thousands)
 
    
 
    
 
 
Nonvested - January 1, 2021
     —        $ —  
Granted
     99,380      0.6402
Vested
     (375      0.7333
Canceled
     (905      0.6344
  
 
 
    
 
 
 
Nonvested - June 30, 2021
     98,100    $ 0.6399