Stanley Chia - 11 Sep 2024 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
Chief Executive Officer, Director
Signature
/s/ Stanley Chia
Issuer symbol
SEAT
Transactions as of
11 Sep 2024
Net transactions value
$0
Form type
4
Filing time
13 Sep 2024, 17:31:48 UTC
Previous filing
23 Jul 2024
Next filing
22 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise +26,397 +4.2% 653,763 11 Sep 2024 Direct F1
transaction SEAT Class A Common Stock Options Exercise +43,585 +6.7% 697,348 11 Sep 2024 Direct F1
transaction SEAT Class A Common Stock Gift $0 -697,348 -100% $0.000000 0 11 Sep 2024 Direct F2
transaction SEAT Class A Common Stock Gift $0 +697,348 $0.000000 697,348 11 Sep 2024 By trust F2

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 Restricted Stock Units Options Exercise $0 -26,397 -33% $0.000000 52,795 11 Sep 2024 Class A Common Stock 26,397 Direct F1, F3
transaction SEAT Restricted Stock Units Gift $0 -52,795 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 52,795 Direct F1, F2, F3, F4
transaction SEAT Restricted Stock Units Gift $0 -78,125 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 78,125 Direct F1, F2, F5
transaction SEAT Restricted Stock Units Options Exercise $0 -43,585 -14% $0.000000 261,508 11 Sep 2024 Class A Common Stock 43,585 Direct F1, F6
transaction SEAT Restricted Stock Units Gift $0 -261,508 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 261,508 Direct F1, F2, F6, F7
transaction SEAT Stock Option Gift $0 -1,136,363 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 1,136,363 $7.17 Direct F2, F8
transaction SEAT Stock Option Gift $0 -663,130 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 663,130 $6.76 Direct F2, F9
transaction SEAT Stock Option Gift $0 -814,536 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 814,536 $6.76 Direct F2, F10
transaction SEAT Restricted Stock Units Gift $0 -1,937,984 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 1,937,984 Direct F1, F2, F11
transaction SEAT Restricted Stock Units Gift $0 -1,400,000 -100% $0.000000 0 11 Sep 2024 Class A Common Stock 1,400,000 Direct F1, F2, F12
transaction SEAT Stock Option Gift $0 +1,136,363 $0.000000 1,136,363 11 Sep 2024 Class A Common Stock 1,136,363 $7.17 By trust F2, F8
transaction SEAT Restricted Stock Units Gift $0 +52,795 $0.000000 52,795 11 Sep 2024 Class A Common Stock 52,795 By trust F1, F2, F3, F4
transaction SEAT Restricted Stock Units Gift $0 +261,508 $0.000000 261,508 11 Sep 2024 Class A Common Stock 261,508 By trust F1, F2, F6, F7
transaction SEAT Restricted Stock Units Gift $0 +78,125 $0.000000 78,125 11 Sep 2024 Class A Common Stock 78,125 By trust F1, F2, F5
transaction SEAT Restricted Stock Units Gift $0 +1,937,984 $0.000000 1,937,984 11 Sep 2024 Class A Common Stock 1,937,984 By trust F1, F2, F11
transaction SEAT Restricted Stock Units Gift $0 +1,400,000 $0.000000 1,400,000 11 Sep 2024 Class A Common Stock 1,400,000 By trust F1, F2, F12
transaction SEAT Stock Option Gift $0 +663,130 $0.000000 663,130 11 Sep 2024 Class A Common Stock 663,130 $6.76 By trust F2, F9
transaction SEAT Stock Option Gift $0 +814,536 $0.000000 814,536 11 Sep 2024 Class A Common Stock 814,536 $6.76 By trust F2, F10
* 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 Class A common stock.
F2 The reporting person transferred these securities to a trust, of which he is co-trustee, for the benefit of his immediate family members. The reporting person remains the beneficial owner of the securities held by the trust.
F3 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 they will be fully vested on March 11, 2025. The RSUs do not have an expiration date.
F4 Represents the unvested portion of an initial RSU award covering 316,764 shares of Class A common stock.
F5 Represents the unvested portion of an initial RSU award covering 250,000 shares of Class A common stock. The RSUs began vesting and settling in 16 equal quarterly installments on January 19, 2022 such that they will be fully vested on October 19, 2025. The RSUs do not have an expiration date.
F6 One-third of the RSUs vested and settled on March 11, 2024. The remainder of the RSUs vest and settle in equal quarterly installments such that they will be fully vested on March 11, 2026. The RSUs do not have an expiration date.
F7 Represents the unvested portion of an initial RSU award covering 523,012 shares of Class A common stock.
F8 Represents the entirety of a stock option award, of which 568,181 stock options are vested. One-third of the stock options vested on March 11, 2024. The remainder of the stock options vest in equal quarterly installments such that they will be fully vested on March 11, 2026.
F9 Represents the entirety of a stock option award, of which 455,901 stock options are vested. The stock options began vesting in 16 equal quarterly installments on January 19, 2022 such that they will be fully vested on October 19, 2025.
F10 Represents the entirety of a stock option award, of which 678,780 stock options are vested. One-third of the stock options vested on March 11, 2023. The remainder of the stock options vest in equal quarterly installments such that they will be fully vested on March 11, 2025.
F11 Represents the entirety of an RSU award that has not yet begun to vest. One-third of the RSUs will vest and settle on March 11, 2025. The remainder of the RSUs will vest and settle in equal quarterly installments such that they will be fully vested on March 11, 2027. The RSUs do not have an expiration date.
F12 Represents the entirety of an RSU award that has not yet begun to vest. One-third of the RSUs will vest and settle on May 12, 2025. The remainder of the RSUs will vest and settle in equal quarterly installments such that they will be fully vested on May 12, 2027. The RSUs do not have an expiration date.