|3 Months Ended|
Dec. 31, 2020
|Subsequent Events [Abstract]|
|Subsequent Events||Subsequent Events
Restricted Stock Award
On January 4, 2021, the Company awarded a total of 10,000 restricted shares of Class A common stock to an executive officer under the 2018 Equity Plan. The grant is classified as an equity award. The aggregate grant date fair value of this restricted stock award was $0.3 million. The shares of restricted stock vest as follows: one-fourth on January 4, 2021, one-fourth on January 4, 2022, one-fourth on January 4, 2023 and one-fourth on January 4, 2024.
Conversion of Class B Common Stock to Class A Common Stock
On January 19, 2021, certain stockholders of the Company converted a total of 148,621 shares of Class B common stock into shares of Class A common stock on a one-for-one basis. Following the conversion, there were 34,034,505 shares of Class A common stock and 17,757,240 shares of Class B common stock outstanding.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef