Riva Bakal - Apr 19, 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Signature
/s/ Riva Bakal
Stock symbol
SEAT
Transactions as of
Apr 19, 2023
Transactions value $
-$8,404
Form type
4
Date filed
4/21/2023, 06:02 PM
Previous filing
Mar 17, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise +3.85K +11.84% 36.4K Apr 19, 2023 Direct F1
transaction SEAT Class A Common Stock Sale -$8.4K -1.15K -3.15% $7.34 35.2K Apr 20, 2023 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 -3.85K -9.09% $0.00 38.5K Apr 19, 2023 Class A Common Stock 3.85K Direct F1, F4
* 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 Sales reported herein were made pursuant to a "mandatory sell to cover" dictated by the RSU award agreement in order to cover tax withholding obligations in connection with the vesting and settlement of RSUs.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.34 to $7.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes.
F4 The RSUs have vested and settled or will vest and settle, as applicable, in 16 equal quarterly installments beginning on January 19, 2022. The RSUs do not have an expiration date.