|
A
summary of restricted stock unit activity for the nine months ended September 30, 2021 is as follows (each restricted stock unit issued
by the Company represents the right to receive one share of the Company’s common stock):
| |
|
Number of Shares |
|
|
Weighted-Average
Grant Date Fair Value
|
|
| Balance of restricted stock units outstanding at December 31, 2020 |
|
|
162,500 |
|
|
$ |
2.25 |
|
| Grants of restricted stock units |
|
|
45,000 |
|
|
|
3.51 |
|
| Vested restricted stock units1 |
|
|
(158,750 |
) |
|
|
(2.35 |
) |
| Balance of unvested restricted stock units at September 30, 2021 |
|
|
48,750 |
|
|
$ |
3.09 |
|
______________________________
|