Epstein Emily T. - 07 Dec 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
General Counsel
Signature
/s/ Emily T. Epstein
Issuer symbol
SEAT
Transactions as of
07 Dec 2023
Net transactions value
$0
Form type
4
Filing time
13 Dec 2023, 19:25:32 UTC
Previous filing
14 Nov 2023
Next filing
14 Feb 2024
SEC
View on sec.gov

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 -116,120 -100% 0 07 Dec 2023 Class A Common Stock 116,120 $8.22 Direct F1, F2
transaction SEAT Stock Option Award +116,120 116,120 07 Dec 2023 Class A Common Stock 116,120 $6.76 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-third of the stock option vested on November 11, 2023. The remainder of the stock option vests in equal quarterly installments such that the stock option will be fully vested on November 11, 2025
F2 The reporting person agreed to cancellation of a stock option granted on November 11, 2022 in exchange for a new stock option having a lower exercise price, but otherwise identical terms.