Stockholders' Equity (Tables)
|
9 Months Ended |
Sep. 30, 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 September 30, 2021 and 2020:
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Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
($ in thousands) |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
Employee and non-employee awards |
|
$ |
2,185 |
|
$ |
1,231 |
|
$ |
6,236 |
|
$ |
3,868 |
|
Executive awards of Fortress Companies' stock |
|
|
377 |
|
|
369 |
|
|
1,070 |
|
|
1,136 |
|
Warrants |
|
|
— |
|
|
32 |
|
|
— |
|
|
97 |
|
Partner Companies: |
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|
|
|
|
|
|
|
|
|
|
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Avenue |
|
|
69 |
|
|
161 |
|
|
299 |
|
|
592 |
|
Checkpoint |
|
|
779 |
|
|
725 |
|
|
2,319 |
|
|
2,095 |
|
Mustang |
|
|
884 |
|
|
606 |
|
|
2,427 |
|
|
2,368 |
|
Other |
|
|
32 |
|
|
47 |
|
|
98 |
|
|
163 |
|
Total stock-based compensation expense |
|
$ |
4,326 |
|
$ |
3,171 |
|
$ |
12,449 |
|
$ |
10,319 |
|
|
| Schedule of Stock Option Activities |
The following table summarizes Fortress stock option activities excluding activity related to Fortress partner companies:
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Weighted average |
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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 |
|
(35,000) |
|
|
4.33 |
|
|
— |
|
— |
Options vested and expected to vest at September 30, 2021 |
|
1,018,490 |
|
$ |
5.04 |
|
$ |
666,957 |
|
1.93 |
Options vested and exercisable at September 30, 2021 |
|
1,018,490 |
|
$ |
5.04 |
|
$ |
666,957 |
|
1.93 |
|
|
|
|
|
|
|
|
|
|
|
|
| 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:
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|
|
|
|
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 |
|
(301,492) |
|
|
2.75 |
Restricted stock units granted |
|
1,130,842 |
|
|
4.13 |
Restricted stock units forfeited |
|
(96,750) |
|
|
3.49 |
Restricted stock units vested |
|
(493,027) |
|
|
3.51 |
Unvested balance at September 30, 2021 |
|
18,077,755 |
|
$ |
2.64 |
|
| Schedule of Warrant activities |
The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:
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Total weighted |
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Weighted average |
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|
|
|
|
|
|
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 |
Expired |
|
(60,000) |
|
|
1.37 |
|
|
— |
|
|
Forfeited |
|
(25,000) |
|
|
3.00 |
|
|
— |
|
|
Outstanding as of September 30, 2021 |
|
4,505,621 |
|
$ |
3.20 |
|
$ |
632,587 |
|
4.19 |
Exercisable as of September 30, 2021 |
|
4,370,621 |
|
$ |
3.23 |
|
$ |
475,087 |
|
4.11 |
|