Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.23.3
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
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 and nine months ended September 30, 2023 and 2022:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

($ in thousands)

    

2023

    

2022

    

2023

    

2022

​

Employee and non-employee awards

​

$

2,077

​

$

2,548

​

$

6,785

​

$

7,506

​

Executive awards of Fortress Companies' stock

​

 

385

​

 

1,531

​

 

1,202

​

 

2,217

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Partner Companies:

​

 

​

​

​

​

​

 

​

​

​

​

​

Avenue

​

 

561

​

 

26

​

 

599

​

 

638

​

Checkpoint

​

 

689

​

 

781

​

 

2,225

​

 

2,285

​

Mustang

​

 

100

​

 

496

​

 

380

​

 

1,810

​

Journey

​

​

558

​

​

1,438

​

​

2,077

​

​

2,985

​

Other

​

 

7

​

 

17

​

 

57

​

 

40

​

Total stock-based compensation expense

​

$

4,377

​

$

6,837

​

$

13,325

​

$

17,481

​

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, 2022

 

176,732

​

$

22.08

​

$

230,000

 

5.64

Forfeited

​

(166)

​

​

37.50

​

​

—

​

—

Expired

​

(16,333)

​

​

133.22

​

​

—

​

—

Options vested and expected to vest at September 30, 2023

 

160,233

​

$

10.74

​

$

—

 

5.43

Options vested and exercisable at September 30, 2023

​

40,232

​

$

61.70

​

$

—

 

0.99

​

​

​

​

​

​

​

​

​

​

​

​

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, 2022

​

1,370,001

​

$

35.44

Restricted stock granted

​

171,905

​

​

9.91

Restricted stock vested

​

(49,911)

​

​

36.10

Restricted stock units granted

​

12,666

​

​

11.19

Restricted stock units forfeited

​

(19,183)

​

​

42.05

Restricted stock units vested

​

(40,020)

​

​

45.30

Unvested balance at September 30, 2023

​

1,445,458

​

$

31.81

​

Schedule of Warrant activities

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

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total weighted

​

Weighted average

​

​

​

​

​

​

​

average

​

remaining

​

​

Number of

​

Weighted average

​

 intrinsic

​

contractual life

​

    

shares

    

exercise price

    

value

    

(years)

Outstanding as of December 31, 2022

 

127,296

​

$

46.58

​

$

—

 

7.45

​

​

​

​

​

​

​

​

​

​

​

Outstanding as of September 30, 2023

 

127,296

​

$

10.06

​

$

—

 

6.71

Exercisable as of September 30, 2023

 

118,296

​

$

8.48

​

$

—

 

6.86