BurgerFi International, Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Share-based Compensation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Dec. 31, 2020

The input variables for the Black Scholes are noted in the table below:

The input variables are noted in the table below:

(a)	The Monte Carlo method assumes a reinvestment of dividends.

The input variables are noted in the table below:

(a)	The Monte Carlo method assumes a reinvestment of dividends.

The following table summarizes activity of Restricted Stock Units during the six months ended June 30, 2021:


	Number of Restricted Stock Units			Weighted Average Grant Date Fair Value
Non-vested at December 31, 2020		1,250,000		$	15.28
Granted		1,105,700		$	14.62
Vested		—
Forfeited		(145,600	)	$	14.10

Non-vested at June 30, 2021		2,210,100		$	14.94

The following table summarizes activity of Restricted Shares during 2020 (there was no activity prior to December 16, 2020):


	Number of Restricted Shares			Weighted Average Grant Date Fair Value
Granted on December 16, 2020		1,300,000		$	15.30
Vested		(50,000	)		15.70
Forfeited		—			—

Non-vested at December 31, 2020		1,250,000		$	15.28

The input variables are noted in the table below:

The input variables are noted in the table below:

(a)	The Monte Carlo method assumes a reinvestment of dividends.

The following table summarizes activity of the restricted stock units by vesting condition during the six months ended June 30, 2021:


	Performance Condition					Service Condition				Market Condition
	Shares			Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Non-vested at December 31, 2020		950,000		$	15.70		200,000	$	15.70		100,000		$	10.45
Granted		713,700		$	16.15		52,000	$	16.15		340,000		$	11.17
Vested		—					—				—
Forfeited		(85,600	)	$	16.15		—				(60,000	)	$	11.17

Non-vested at June 30, 2021		1,578,100		$	15.81		252,000	$	15.79		380,000		$	10.76

The following table summarizes activity of the restricted shares during 2020 (there was no activity prior to December 16, 2020):


	Performance Condition				Service Condition					Market Condition
	Shares		Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Granted		950,000	$	15.70		250,000		$	15.70		100,000	$	10.45
Vested		—		—		(50,000	)		15.70		—		—
Forfeited		—		—		—			—		—		—

Non-vested at December 31, 2020		950,000	$	15.70		200,000		$	15.70		100,000	$	10.45