Eldridge Industries, LLC - 19 Apr 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Apr 2023, 17:00:16 UTC
Prior SEC filing
06 Oct 2022
Next SEC filing
28 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Eldridge Industries, LLC, By: /s/ Todd L. Boehly, Authorized Signatory

Key filing fact

Eldridge Industries, LLC filed Form 4 for Vivid Seats Inc. (SEAT) on 21 Apr 2023.

Key facts

  • This page summarizes Eldridge Industries, LLC's Form 4 filing for Vivid Seats Inc. (SEAT).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 21 Apr 2023, 17:00.

Change

  • Previous filing in this sequence was filed on 06 Oct 2022.
  • Current net transaction value: +$24,425,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SEAT transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$24,425,000
Shares
+2,500,000
Change %
+4.8%
Price
$9.77
Shares after
54,281,557
Date
19 Apr 2023
Ownership
See Footnotes
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SEAT transaction Derivative

Options (Obligation to Purchase)

Conversion of derivative security

Transaction value
$0
Shares
-2,500,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Apr 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,500,000
Exercise price
$9.77
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The reported securities are held as follows: (i) Horizon Sponsor, LLC ("Sponsor") directly holds 16,789,999 of the reported shares of Class A Common Stock ("Class A Shares"), (ii) Post Portfolio Trust, LLC ("Post Portfolio") directly holds 24,552,096 Class A Shares, (iii) SBT Investors, LLC ("SBT") directly holds 10,101,009 Class A Shares and indirectly holds 333,564 Class A Shares through EEH 2017, LLC, (iv) Todd L. Boehly directly holds 4,889 Class A Shares and (v) Parkville Portfolio Trust, LLC ("Parkville"), an indirect subsidiary of Eldridge Industries, LLC ("Eldridge") directly holds 2,500,000 Class A Shares .

Footnote F2

Each of the Sponsor, Post Portfolio and Parkville is indirectly controlled by Eldridge. Todd L. Boehly is the controlling member of SBT and indirect controlling member of Eldridge and, in such capacities, may be deemed to have voting and dispositive power over the reported securities. Each of the foregoing persons disclaims beneficial ownership except to the extent of such person's pecuniary interest therein. Solely for purposes of Section 16 of the Securities and Exchange Act of 1934, Sponsor, Post Portfolio, and Eldridge may be deemed directors by deputization with respect to the Issuer.

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