BurgerFi International, Inc. Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

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

The following table summarizes activity of Restricted Stock Units during the nine months ended September 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		1,320,700		$	13.48
Vested		(5,000	)	$	10.66
Forfeited		(268,400	)	$	13.92
Non-vested at September 30, 2021		2,297,300		$	14.37

The input variables are noted in the table below:

The following table summarizes activity of the restricted stock units by vesting condition during the nine months ended September 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		783,700		$	15.49		77,000		$	14.37		460,000		$	9.91
Vested		—					(5,000	)	$	10.66		—
Forfeited		(148,400	)	$	16.15		—					(120,000	)	$	11.17
Non-vested at September 30, 2021		1,585,300		$	15.54		272,000		$	15.42		440,000		$	9.50