| Disclosure of Share-based Payments Recognized As Expense for RSUs, RSAs and Options, Net of Forfeitures |
Share-based payments are recognized as expense for RSUs, RSAs and options, net of estimated forfeitures, as follows:
|
|
|
|
|
|
|
For the Three Months Ended March 31, |
|
|
2022 |
|
2021 |
|
|
$’000 |
|
$’000 |
Total share-based compensation expense |
|
8,402 |
|
2,802 |
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, |
|
|
2021 |
|
2020 |
|
2019 |
|
|
$’000 |
|
$’000 |
|
$’000 |
Total share-based compensation expense |
|
46,307 |
|
9,557 |
|
7,966 |
|
| Disclosure of Restricted Stock Unit Activity and Weighted Average Grant Date Fair Values |
The following table displays RSU activity for the periods presented:
|
|
|
|
|
RSUs |
Balance at January 1, 2022 |
|
6,997,284 |
Granted |
|
14,758,592 |
Vested and issued |
|
(895,627) |
Forfeited / canceled during the period |
|
(1,099,073) |
Balance at March 31, 2022 |
|
19,761,176 |
Vested and unissued at March 31, 2022 |
|
39,022 |
Unvested at March 31, 2022 |
|
19,722,154 |
|
|
|
|
|
|
|
|
|
|
|
Weighted Average |
|
|
|
|
Grant Date Fair Value |
|
|
RSUs |
|
Per RSU (1) |
Balance at January 1, 2021 |
|
— |
|
$ |
— |
Granted |
|
6,997,284 |
|
$ |
6.23 |
Vested and issued |
|
— |
|
$ |
— |
Forfeited |
|
— |
|
$ |
— |
Balance at December 31, 2021 |
|
6,997,284 |
|
$ |
6.23 |
Vested and unissued at December 31, 2021 |
|
1,760,363 |
|
$ |
6.23 |
Unvested at December 31, 2021 |
|
5,236,921 |
|
$ |
6.23 |
|
| Disclosure of Number and Weighted Average Exercise Prices of Share Options |
The following table displays option activity and weighted average exercise price for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2022 |
|
December 31, 2021 |
|
|
Weighted |
|
|
|
Weighted |
|
|
|
|
average |
|
|
|
average |
|
|
|
|
exercise |
|
Number of |
|
exercise |
|
Number of |
|
|
price |
|
options |
|
price |
|
options |
|
|
$ |
|
|
|
$ |
|
|
Outstanding at the beginning of the period |
|
1.47 |
|
22,896,265 |
|
0.02 |
|
21,107,487 |
Granted during the period |
|
— |
|
— |
|
3.67 |
|
8,155,289 |
Forfeited / canceled during the period |
|
1.26 |
|
(650,232) |
|
0.18 |
|
(6,204,471) |
Exercised during the period |
|
0.35 |
|
(27,942) |
|
1.42 |
|
(162,040) |
Outstanding at the end of the period |
|
1.48 |
|
22,218,091 |
|
1.47 |
|
22,896,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
2020 |
|
2019 |
|
|
Weighted |
|
|
|
Weighted |
|
|
|
Weighted |
|
|
|
|
average |
|
|
|
average |
|
|
|
average |
|
|
|
|
exercise |
|
Number of |
|
exercise |
|
Number of |
|
exercise |
|
Number of |
|
|
price |
|
options |
|
price |
|
options |
|
price |
|
options |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Outstanding at the beginning of the year |
|
0.02 |
|
21,107,487 |
|
— |
|
20,120,425 |
|
— |
|
19,666,539 |
Granted during the year |
|
3.67 |
|
8,155,289 |
|
0.11 |
|
4,109,243 |
|
— |
|
2,786,856 |
Forfeited / canceled during the year |
|
0.18 |
|
(6,204,471) |
|
0.04 |
|
(3,122,181) |
|
— |
|
(2,332,970) |
Exercised during the year |
|
1.42 |
|
(162,040) |
|
— |
|
— |
|
— |
|
— |
Outstanding at the end of the year |
|
1.47 |
|
22,896,265 |
|
0.02 |
|
21,107,487 |
|
— |
|
20,120,425 |
Exercisable at the end of the year |
|
1.54 |
|
19,105,908 |
|
0.01 |
|
16,461,945 |
|
— |
|
11,817,828 |
|