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:

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:

    

    

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:

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