Black Rifle Coffee Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Equity-Based Compensation (Tables)

Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Equity-Based Compensation

Summary of assumptions were utilized in determining the fair value of the units at the grant date


Expected dividend		—
Expected volatility		60% to 85%
Risk-free interest rate		0.13% to 2.53%
Expected life of incentive awards (in years)		1 to 5 years
Grant date performance and market threshold		$35,000 to $1,000,000

Summary of changes in the number of incentive units


				Weighted
				Average
		Incentive		Grant Date			Total
		Units		Fair Value			Value
Granted and Outstanding at January 1, 2019		108,500		$	49.89		$	5,413
Granted		50,000			5.13			257
Forfeited		(16,000)			15.04			(241)
Granted and Outstanding at December 31, 2019		142,500		$	38.10		$	5,429
Granted		49,119			95.27			4,680
Forfeited		(10,000)			15.40			(154)
Repurchased		(7,116)			447.15			(3,182)
Granted and Outstanding at December 31, 2020		174,503		$	38.82		$	6,773
Granted		18,400		$	215.31		$	3,962
Forfeited		(10,709)		$	100.66		$	(1,078)
Repurchased		(6,202)		$	476.06		$	(2,953)
Granted and Outstanding at December 31, 2021		175,992		$	38.09		$	6,704
Vested at December 31, 2021		129,972		$	56.41		$	7,332