Jonathan Miles Wagner - Jun 11, 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
Chief Technology Officer
Signature
/s/ Jonathan Miles Wagner
Stock symbol
SEAT
Transactions as of
Jun 11, 2023
Transactions value $
-$22,717
Form type
4
Date filed
6/13/2023, 06:08 PM
Previous filing
Apr 21, 2023
Next filing
Jul 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise $0 +10.2K +18.49% $0.00 65.1K Jun 11, 2023 Direct
transaction SEAT Class A Common Stock Sale -$22.7K -2.91K -4.47% $7.82 62.2K Jun 12, 2023 Direct 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
transaction SEAT Restricted Stock Units Options Exercise $0 -10.2K -12.5% $0.00 71.1K Jun 11, 2023 Class A Common Stock 10.2K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sales reported herein were made pursuant to a "mandatory sell to cover" dictated by the restricted stock unit ("RSU") award agreement in order to cover tax withholding obligations in connection with the vesting and settlement of RSUs.
F2 The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $7.82 to $7.84. The Reporting Person undertakes to provide upon request from the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F3 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock
F4 The RSUs have vested and settled with respect to one third of the RSUs and will vest and settle in equal quarterly installments such that the RSUs will become fully vested on March 11, 2025. The RSUs do not have an expiration date.