Outstanding Equity Awards at Fiscal Year End The following table provides certain information regarding outstanding equity awards for our named executive officers as of December 31, 2022: Name Grant Date Stock Awards Number of Shares or Units That Have Not Vested (#)(1) Market Value of Shares or Units That Have Not Vested ($)(2) Bryan Freeman . . . . . . . . . . . . . 11/19/2021 394,333 $2,614,428 01/03/2022 442,463 $2,933,530 GerardG.Law ............. 11/19/2021 394,333 $2,614,428 01/03/2022 442,463 $2,933,530 Akshay Jagdale . . . . . . . . . . . . . 11/19/2021 239,329 $1,586,751 01/03/2022 246,486 $1,634,202 (1) Each of these RSUs vests in their entirety on the third anniversary of their grant date. (2) The market value of the RSUs was determined based on the closing price of our Class A common stock on December 31, 2022, which was $6.63 per share. Director Compensation The Board has approved our director compensation policy. Due to the relatively small size of the Board and our current stage of growth, we expect a high degree of director involvement in the strategic direction of our Company. Our director compensation policy is intended to provide a total compensation package that enables us to attract and retain experienced individuals with the qualifications necessary to achieve our strategic objectives while aligning the directors’ interests with those of our stockholders. Pursuant to our director compensation policy, we provide non-employee directors a cash payment of $18,750 per quarterly meeting of the Board. No additional cash is paid for (i) service on board committees or as the chairperson of a committee, (ii) service as chairperson of the Board or as our lead independent director (or equivalent position), or (iii) attendance at any board of director or committee meetings. In addition, each non-employee director who commenced service on the Board was eligible to receive an onboarding award consisting of RSUs with an aggregate grant date fair value of $175,000, which all of our non-employee directors received in connection with our initial public offering on November 9, 2022. On January 3, 2022, the compensation committee made an RSU grant valued at $545,071 (87,072 RSUs) to Mr. Nelson under the 2021 Plan, which vests in two equal installments, commencing on the first anniversary date of the grant and one year thereafter, conditioned upon his continued service to the Company. The compensation committee determined to make this grant because of Mr. Nelson’s additional responsibilities as chairperson of the audit committee. Our non-employee directors are also reimbursed for reasonable travel and out-of-pocket expenses incurred in connection with attending board of director and committee meetings. While the Board expects that our non-employee directors will typically be compensated consistent with the terms of our director compensation policy, the Board retains discretion to authorize modifications to the compensation paid to our non-employee directors based on factors such as individual experience level, expected contribution level, reputation and peer group compensation review. Our directors who are also our employees (including employees of any of our subsidiaries) receive no additional compensation for their service as directors. 33
RkJQdWJsaXNoZXIy MTc1MzI0Mw==