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

Equity-based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

A summary of the Company's time-based stock option activity under the 2021 Plan, as adjusted for the one-for-12 Reverse Stock Split, was as follows:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Balance as of December 31, 2022	42,288	$	83.36	9.04	$	—
Granted	—	—
Exercised	—	—
Forfeited/Repurchased	(2,467)	114.00
Balance as of September 30, 2023	39,821	$	81.47	8.31	$	—
Vested as of September 30, 2023	19,608	$	83.58	8.29	$	—

A summary of the Company's RSU activity under the 2021 Plan, as adjusted for the one-for-12 Reverse Stock Split, was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Balance as of December 31, 2022	367,512	$	32.81
Granted	33,764	4.91
Vested	(54,335)	51.50
Forfeited/Repurchased	(37,095)	36.68
Balance as of September 30, 2023	309,846	$	26.04

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, 2022	3,363,856	$	1.43	$	18.64	$	—
Granted	—	—		—
Vested	(1,499,521)	1.36		17.65
Forfeited/Repurchased	(16,150)	3.19		22.68
Balance as of September 30, 2023	1,848,185	$	1.47	$	19.42	$	—
Vested as of September 30, 2023	7,373,102

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Stock options	$	142	$	146	$	390	$	359
RSUs	923		682		2,939		1,865
ESPP purchase rights	3		110		129		110
Time-based incentive units	650		648		2,020		2,114
Total	$	1,718	$	1,586	$	5,478	$	4,448