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:

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:

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