a.k.a. Brands Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity-based Compensation (Tables)

Equity-based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Option, Activity

A summary of the Company's time-based stock option activity under the 2021 Plan was as follows:


	Number of Options	Weighted Average Exercise Price		Aggregate Intrinsic Value
Balance as of December 31, 2021	273,026	$	9.50	$	—
Granted	—	—
Vested	—	—
Forfeited/Repurchased	—	—
Balance as of March 31, 2022	273,026	9.50		—
Vested as of March 31, 2022	—

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the Company's RSU activity under the 2021 Plan was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Balance as of December 31, 2021	915,480	$	10.04
Granted	78,320	6.30
Vested	—	0.00
Forfeited/Repurchased	(40,525)	9.99
Balance as of March 31, 2022	953,275	$	9.74

The following table summarizes time-based incentive unit activity under the 2018 Plan:


	Number of Units	Weighted Average Grant Date Fair value		Weighted Average Participation Threshold		Aggregate Intrinsic Value
Balance as of December 31, 2021	5,975,813	$	1.16	$	3.04	$	14,162
Granted	—	—		—
Vested	(458,155)	1.42		1.37
Forfeited/Repurchased	(87,214)	0.42		1.07
Balance as of March 31, 2022	5,430,444	$	1.15	$	3.21	$	1,865
Vested as of March 31, 2022	3,820,425

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

While there were no time-based incentive units granted under the 2018 plan during the three months ended March 31, 2022, the assumptions that the Company used to determine the grant date fair value of time-based incentive units during the three months ended March 31, 2021 were as follows, presented on a weighted-average basis:


	Three Months Ended March 31, 2021

Risk free interest rate	0.12	%
Expected volatility	45	%
Expected dividend yield	0	%
Expected term	1.60 years

Summarizes The Company’s Equity-based Compensation Expense

The following table summarizes the Company’s equity-based compensation expense by award type for all Plans:


	Three Months Ended March 31,
	2022		2021
Stock options	$	122	$	—
RSUs	643		—
Time-based incentive units	603		523

Total	$	1,368	$	523