Riva Bakal - 11 Jun 2024 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
Chief Strategy Officer
Signature
/s/ Riva Bakal
Issuer symbol
SEAT
Transactions as of
11 Jun 2024
Net transactions value
-$45,082
Form type
4
Filing time
13 Jun 2024, 16:17:57 UTC
Previous filing
13 May 2024
Next filing
23 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise +14,528 +15% 112,198 11 Jun 2024 Direct F1
transaction SEAT Class A Common Stock Options Exercise +6,904 +6.2% 119,102 11 Jun 2024 Direct F1
transaction SEAT Class A Common Stock Tax liability $33,966 -6,290 -5.3% $5.40 112,812 11 Jun 2024 Direct
transaction SEAT Class A Common Stock Sale $11,116 -2,051 -1.8% $5.42 110,761 12 Jun 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEAT Restricted Stock Units Options Exercise $0 -14,528 -12% $0.000000 101,698 11 Jun 2024 Class A Common Stock 14,528 Direct F1, F4
transaction SEAT Restricted Stock Units Options Exercise $0 -6,904 -25% $0.000000 20,712 11 Jun 2024 Class A Common Stock 6,904 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock.
F2 Represents shares sold pursuant to a mandatory "sell to cover" provision of the RSU agreement to satisfy tax withholding obligations arising in connection with the vesting and settlement of the RSUs.
F3 Represents the weighted average sale price of multiple transactions at prices ranging from $5.42 to $5.42 per share. The reporting person undertakes to provide, upon request from the staff of the SEC, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 One-third of the RSUs vested and settled on March 11, 2024. The remainder of the RSUs vest and settle in equal quarterly installments such that they will be fully vested on March 11, 2026. The RSUs do not have an expiration date.
F5 One-third of the RSUs vested and settled on March 11, 2023. The remainder of the RSUs vest and settle in equal quarterly installments such that they will be fully vested on March 11, 2025. The RSUs do not have an expiration date.