Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

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Stock-based Compensation
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Stock-based Compensation
The Company’s 2019 Omnibus Stock Incentive Plan (the “2019 Plan”) provides for granting stock options, restricted stock awards, and restricted stock units to employees, directors, contractors and consultants of the Company. As of June 30, 2024, there were no shares available for future grants under the 2019 Plan.
Restricted Stock Awards
Following is the restricted stock award activity for the three and six months ended June 30, 2024:
Shares Weighted Average
Grant Date
Fair Value
Nonvested at December 31, 2023 1,766,417 $ 10.01 
Granted 244,122 2.63 
Vested (595,108) 8.61 
Forfeited (168,903) 9.19 
Nonvested at March 31, 2024 1,246,528 $ 9.34 
Granted 105,632  1.64
Vested (452,387) 6.96
Forfeited (73,458) 5.82
Nonvested at June 30, 2024 826,315  $ 9.98 
Restricted Stock Unit Awards
During 2023, the Company commenced granting restricted stock units to employees and agents.
The following is the restricted stock unit award activity for the three and six months ended June 30, 2024:
Shares Weighted Average
Grant Date
Fair Value
Nonvested at December 31, 2023 2,191,297 $ 4.94 
Granted 597,965 2.02 
Vested (91,686) 3.83 
Forfeited (66,192) 4.63 
Nonvested at March 31 2024 2,631,384 $ 4.32 
Granted 423,204 1.70
Vested (137,285) 4.51
Forfeited (139,588) 3.95
Nonvested at June 30, 2024 2,777,715 $ 3.93 
Stock Option Awards
There were no stock option awards granted during the six-month period ended June 30, 2024.
Stock-based Compensation expense
Stock-based compensation expense related to all awards issued under the Company’s stock compensation plans for the three and six months ended June 30, 2024 and 2023 was as follows (amounts in thousands):
Three Months Ended
June 30,		 Six Months Ended
June 30,
2024 2023 2024 2023
Commission and other agent-related cost $ 713  $ 1,070  $ 1,568  $ 2,068 
Operations and support 116  283  298  485 
Technology and development 37  50  92  72 
General and administrative 1,584  1,645  3,064  3,152 
Marketing 49  137  129  228 
Total stock-based compensation $ 2,499  $ 3,185  $ 5,151  $ 6,005 
At June 30, 2024, the total unrecognized compensation cost related to nonvested restricted stock awards was $1.2 million, which is expected to be recognized over a weighted average period of approximately six months.
At June 30, 2024, the total unrecognized compensation cost related to nonvested restricted stock units was $3.9 million, which the Company expects to recognize over a weighted average period of approximately ten months.