Hoya Topco, LLC - May 22, 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
10%+ Owner
Signature
Hoya Topco, LLC, /s/ Stanley Chia, as President of Hoya Topco, LLC
Stock symbol
SEAT
Transactions as of
May 22, 2023
Transactions value $
-$122,880,000
Form type
4
Date filed
5/24/2023, 05:30 PM
Previous filing
Oct 18, 2021
Next filing
Jul 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class B Common Stock Other $0 -16M -12.88% $0.00 108M May 22, 2023 Direct F1
transaction SEAT Class A Common Stock Conversion of derivative security $0 +16M $0.00 16M May 22, 2023 Direct
transaction SEAT Class A Common Stock Sale -$123M -16M -100% $7.68 0 May 22, 2023 Direct

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 LLC Units of Hoya Intermediate, LLC Conversion of derivative security $0 -16M -13.54% $0.00 102M May 22, 2023 Class A Common Stock 16M Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the cancellation for no consideration of Class B Common Stock in connection with the conversion of the LLC Units of Hoya Intermediate, LLC ("Intermediate Common Units") into Class A Common Stock.
F2 The Intermediate Common Units and an equal number of shares of Class B Common Stock together are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments, and have no expiration date.