Quarterly report [Sections 13 or 15(d)]

Equity-based Compensation (Tables)

v3.25.1
Equity-based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Option, Activity
A summary of the Company's time-based stock option activity under the 2021 Plan for the three months ended March 31, 2025, is as follows:
Number of Options
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term
(years)
Aggregate Intrinsic Value
Balance as of December 31, 2024
39,820  $ 81.47  7.06 $ — 
Granted
—  — 
Exercised
—  — 
Forfeited/Repurchased
—  — 
Balance as of March 31, 2025
39,820  $ 81.47  6.81 $ — 
Vested as of March 31, 2025
36,982  $ 80.35  6.83 $ — 
Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company's time-based RSU activity under the 2021 Plan for the three months ended March 31, 2025, is as follows:
Number of Shares
Weighted Average
Grant Date
Fair Value
Balance as of December 31, 2024
651,287  $ 14.93 
Granted
51,439  17.50 
Vested
(54,627) 18.67 
Forfeited/Repurchased
(5,115) 14.55 
Balance as of March 31, 2025
642,984  $ 14.79 
Schedule of Share-Based Payment Arrangement, Outstanding Award, Activity, Excluding Option
The following table summarizes time-based incentive unit activity under the 2018 Plan for the three months ended March 31, 2025:
Number of Units
Weighted Average
Grant Date
Fair Value
Weighted Average Participation Threshold
Aggregate Intrinsic Value
Balance as of December 31, 2024
144,003  $ 1.40  $ 22.68  $ — 
Granted
—  —  — 
Vested
(112,602) 1.42  22.68 
Forfeited/Repurchased
—  —  — 

Balance as of March 31, 2025
31,401  $ 1.31  $ 22.68  $ — 
Vested as of March 31, 2025
9,159,803 
Schedule of Summarizes The Company’s Equity-based Compensation Expense
The following table summarizes the Company’s equity-based compensation expense by award type for all Plans:
Three Months Ended March 31,
2025 2024
Stock options $ 220  $ 180 
RSUs 1,671  1,128 
ESPP purchase rights 38  20 
Time-based incentive units 130  628 
Total $ 2,059  $ 1,956