Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.21.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Stockholders' Equity  
Schedule of Stock-Based Compensation Expense

The following table summarizes the stock-based compensation expense from stock option, employee stock purchase programs and restricted Common Stock awards and warrants for the three months ended March 31, 2021 and 2020:

Three Months Ended March 31, 

($ in thousands)

    

2021

    

2020

Employee awards

$

1,488

$

1,217

Executive awards of Fortress Companies' stock

 

345

 

401

Non-employee awards

 

22

 

54

Partner Companies:

 

Avenue

 

114

 

215

Checkpoint

 

774

 

639

Mustang

 

996

 

805

Other

 

34

 

69

Total stock-based compensation expense

$

3,773

$

3,400

Schedule of Stock Option Activities

The following table summarizes Fortress stock option activities excluding activity related to Fortress partner companies:

Weighted average

Total

remaining

Weighted average

weighted average

contractual life

    

Number of shares

    

exercise price

    

intrinsic value

    

(years)

Options vested and expected to vest at December 31, 2020

 

1,053,490

$

5.02

$

647,482

 

2.63

Forfeited

(25,000)

4.88

Options vested and expected to vest at March 31, 2021

 

1,028,490

$

5.02

$

807,138

 

2.40

Schedule of Restricted Stock Awards and Restricted Stock Units

The following table summarizes Fortress restricted stock awards and restricted stock units activities, excluding activities related to Fortress Companies:

    

    

Weighted

average grant

Number of shares

price

Unvested balance at December 31, 2020

15,507,504

$

2.49

Restricted stock granted

2,330,678

3.17

Restricted stock vested

(236,668)

2.75

Restricted stock units vested

(38,583)

3.48

Unvested balance at March 31, 2021

17,562,931

$

2.57

Schedule of Warrant activities

The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:

Total weighted

Weighted average

average

remaining

Number of

Weighted average

 intrinsic

contractual life

    

shares

    

exercise price

    

value

    

(years)

Outstanding as of December 31, 2020

 

4,590,621

$

3.17

$

607,848

 

4.85

Forfeited

(60,000)

1.37

Outstanding as of March 31, 2021

 

4,530,621

$

3.20

$

1,820,564

 

4.66

Exercisable as of March 31, 2021

 

4,370,621

$

3.23

$

1,607,964

 

4.61