Filing Details
- Accession Number:
- 0001209191-23-058565
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-13 19:31:51
- Reporting Period:
- 2023-12-07
- Accepted Time:
- 2023-12-13 19:31:51
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1856031 | Vivid Seats Inc. | SEAT | Services-Miscellaneous Amusement & Recreation (7990) | 863355184 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1891435 | Edward Pickus | C/O Vivid Seats Inc. 24 E. Washington Street, Suite 900 Chicago IL 60602 | Chief Accounting Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2023-12-11 | 2,436 | $0.00 | 22,755 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-12-12 | 721 | $6.95 | 22,034 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Stock Option | Disposition | 2023-12-07 | 32,054 | $0.00 | 32,054 | $15.00 |
| Class A Common Stock | Stock Option | Disposition | 2023-12-07 | 32,054 | $0.00 | 32,054 | $12.86 |
| Class A Common Stock | Stock Option | Disposition | 2023-12-07 | 75,187 | $0.00 | 75,187 | $10.26 |
| Class A Common Stock | Stock Option | Acquisiton | 2023-12-07 | 75,187 | $0.00 | 75,187 | $6.76 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2023-12-11 | 2,436 | $0.00 | 2,436 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2031-10-19 | No | 4 | D | Direct | |
| 0 | 2031-10-19 | No | 4 | D | Direct | |
| 0 | 2032-03-11 | No | 4 | D | Direct | |
| 75,187 | 2032-03-11 | No | 4 | A | Direct | |
| 12,184 | No | 4 | M | Direct |
Footnotes
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock.
- 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.
- Represents the weighted average sale price of multiple transactions at prices ranging from $6.95 to $7.02 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.
- The stock option began vesting in 16 equal quarterly installments on January 19, 2022.
- 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.
- 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.
- 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.
- 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.
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