Eldridge Industries, LLC - Oct 18, 2021 Form 3 Insider Report for Vivid Seats Inc. (SEAT)

Role
10%+ Owner
Signature
/s/ Eldridge Industries, LLC, By: /s/ Todd L. Boehly, Authorized Signatory
Stock symbol
SEAT
Transactions as of
Oct 18, 2021
Transactions value $
$0
Form type
3
Date filed
10/18/2021, 08:28 PM
Next filing
Jul 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SEAT Class A Common Stock 52.1M Oct 18, 2021 See footnotes F1, F2

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
holding SEAT Warrants (Rights to Acquire) Oct 18, 2021 Class A Common Stock 11.7M $11.50 See footnotes F1, F2
holding SEAT Warrants (Rights to Acquire) Oct 18, 2021 Class A Common Stock 34M See footnotes F1, F2
holding SEAT Option (Obligation to Purchase) Oct 18, 2021 Class A Common Stock 2.5M $9.77 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 With respect to the reported securities: (i) Horizon Sponsor, LLC ("Sponsor") directly holds 15,550,000 of the reported shares of Class A common stock ("Class A Common") and all of the reported warrants to acquire shares of Class A Common, (ii) Security Benefit Life Insurance Company ("SBL") directly holds 36,507,173 of the reported shares of Class A Common and (iii) the Option is an obligation of, Eldridge Industries, LLC ("Eldridge LLC").
F2 The Sponsor and SBL are each indirectly controlled by Eldridge LLC. Todd L. Boehly is the indirect controlling member of Eldridge and, in such capacity, may be deemed to have voting and dispositive power over the reported securities. Each of the foregoing persons disclaims beneficial ownership except to the extent of such person's pecuniary interest therein.

Remarks:

Exhibit 24 - Power of Attorney