Riva Bakal - Sep 11, 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role: Chief Strategy Officer
Signature: /s/ Riva Bakal
Stock symbol: SEAT
Transactions as of: Sep 11, 2023
Transactions value $: -$13,967
Form type: 4
Date filed: 9/13/2023, 05:51 PM
Previous filing: Jul 21, 2023
Next filing: Oct 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SEAT	Class A Common Stock	Options Exercise		+6.9K	+16.13%		49.7K	Sep 11, 2023	Direct	F1
transaction	SEAT	Class A Common Stock	Sale	-$14K	-2.06K	-4.15%	$6.77	47.6K	Sep 12, 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	-6.9K	-14.29%	$0.00	41.4K	Sep 11, 2023	Class A Common Stock	6.9K		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	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 $6.77 to $6.89 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, 2023. The remainder of the RSUs vest and settle in equal quarterly installments such that the RSUs will be fully vested on March 11, 2025. The RSUs do not have an expiration date.