Stanley Chia - Dec 7, 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
Chief Executive Officer, Director
Signature
/s/ Stanley Chia
Stock symbol
SEAT
Transactions as of
Dec 7, 2023
Transactions value $
$0
Form type
4
Date filed
12/13/2023, 07:23 PM
Previous filing
Oct 23, 2023
Next filing
Jan 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise +26.4K +9.32% 310K Dec 11, 2023 Direct F1

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 Stock Option Disposed to Issuer -276K -100% 0 Dec 7, 2023 Class A Common Stock 276K $15.00 Direct F2, F3
transaction SEAT Stock Option Disposed to Issuer -276K -100% 0 Dec 7, 2023 Class A Common Stock 276K $12.86 Direct F2, F3
transaction SEAT Stock Option Disposed to Issuer -663K -100% 0 Dec 7, 2023 Class A Common Stock 663K $12.86 Direct F2, F4
transaction SEAT Stock Option Award +663K 663K Dec 7, 2023 Class A Common Stock 663K $6.76 Direct F2, F4
transaction SEAT Stock Option Disposed to Issuer -815K -100% 0 Dec 7, 2023 Class A Common Stock 815K $10.26 Direct F5, F6
transaction SEAT Stock Option Award +815K 815K Dec 7, 2023 Class A Common Stock 815K $6.76 Direct F5, F6
transaction SEAT Restricted Stock Units Options Exercise $0 -26.4K -16.67% $0.00 132K Dec 11, 2023 Class A Common Stock 26.4K Direct F1, F7
* 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 The stock option began vesting in 16 equal quarterly installments on January 19, 2022.
F3 The stock option was cancelled by mutual agreement of the reporting person and the Issuer in connection with the other stock option cancellations and grants reported on this Form.
F4 The reporting person agreed to cancellation of a stock option granted on October 19, 2021 in exchange for a new stock option having a lower exercise price, but otherwise identical terms.
F5 One-third of the stock option vested on March 11, 2023. The remainder of the stock option vests in equal quarterly installments such that the stock option will be fully vested on March 11, 2025.
F6 The reporting person agreed to cancellation of a stock option granted on March 11, 2022 in exchange for a new stock option having a lower exercise price, but otherwise identical terms.
F7 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.