Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022 and 2021:

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​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

($ in thousands)

    

2022

    

2021

​

Employee and non-employee awards

​

$

2,599

​

$

1,510

​

Executive awards of Fortress Companies' stock

​

 

162

​

 

345

​

​

​

​

​

​

​

​

​

Partner Companies:

​

 

​

​

​

​

​

Avenue

​

 

569

​

 

115

​

Checkpoint

​

 

775

​

 

774

​

Mustang

​

 

664

​

 

996

​

Journey

​

​

773

​

​

22

​

Other

​

 

21

​

 

11

​

Total stock-based compensation expense

​

$

5,563

​

$

3,773

​

​

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

​

​

​

​

​

​

​

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, 2021

 

1,018,490

​

$

5.04

​

$

368,344

 

1.68

Granted

​

2,500

​

​

2.50

​

​

—

​

9.76

Expired

​

(255,000)

​

​

6.39

​

​

—

​

—

Options vested and expected to vest at March 31, 2022

 

765,990

​

$

4.44

​

$

—

 

2.16

Options vested and exercisable at March 31, 2022

​

705,990

​

$

4.44

​

$

—

 

2.16

​

​

​

​

​

​

​

​

​

​

​

​

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, 2021

​

18,060,000

​

$

2.64

Restricted stock granted

​

2,375,972

​

​

2.50

Restricted stock vested

​

(135,000)

​

​

2.71

Restricted stock units granted

​

375,602

​

​

2.75

Restricted stock units forfeited

​

(23,750)

​

​

3.49

Restricted stock units vested

​

(93,060)

​

​

3.55

Unvested balance at March 31, 2022

​

20,559,764

​

$

2.62

​

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, 2021

 

4,505,621

​

$

3.20

​

$

68,800

 

3.93

Expired

​

(87,946)

​

​

3.70

​

​

—

​

​

Outstanding as of March 31, 2022

 

4,417,675

​

$

3.19

​

$

—

 

3.76

Exercisable as of March 31, 2022

 

4,370,621

​

$

3.23

​

$

—

 

3.61