Emily T. Epstein - Dec 7, 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
General Counsel
Signature
/s/ Emily T. Epstein
Stock symbol
SEAT
Transactions as of
Dec 7, 2023
Transactions value $
$0
Form type
4
Date filed
12/13/2023, 07:25 PM
Previous filing
Nov 14, 2023
Next filing
Feb 14, 2024

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 -116K -100% 0 Dec 7, 2023 Class A Common Stock 116K $8.22 Direct F1, F2
transaction SEAT Stock Option Award +116K 116K Dec 7, 2023 Class A Common Stock 116K $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.