Stanley Chia - 07 Dec 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
Chief Executive Officer, Director
Signature
/s/ Stanley Chia
Issuer symbol
SEAT
Transactions as of
07 Dec 2023
Transactions value $
$0
Form type
4
Filing time
13 Dec 2023, 19:23:37 UTC
Previous filing
23 Oct 2023
Next filing
23 Jan 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 +9.3% 309,777 11 Dec 2023 Direct F1

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 -275,682 -100% 0 07 Dec 2023 Class A Common Stock 275,682 $15 Direct F2, F3
transaction SEAT Stock Option Disposed to Issuer -275,682 -100% 0 07 Dec 2023 Class A Common Stock 275,682 $12.86 Direct F2, F3
transaction SEAT Stock Option Disposed to Issuer -663,130 -100% 0 07 Dec 2023 Class A Common Stock 663,130 $12.86 Direct F2, F4
transaction SEAT Stock Option Award +663,130 663,130 07 Dec 2023 Class A Common Stock 663,130 $6.76 Direct F2, F4
transaction SEAT Stock Option Disposed to Issuer -814,536 -100% 0 07 Dec 2023 Class A Common Stock 814,536 $10.26 Direct F5, F6
transaction SEAT Stock Option Award +814,536 814,536 07 Dec 2023 Class A Common Stock 814,536 $6.76 Direct F5, F6
transaction SEAT Restricted Stock Units Options Exercise $0 -26,397 -17% $0 131,987 11 Dec 2023 Class A Common Stock 26,397 Direct F1, F7
* 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 the Issuer's Class A common stock.
F2 The stock option began vesting in 16 equal quarterly installments on January 19, 2022.
F3 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.
F4 The reporting person agreed to cancellation of a stock option granted on October 19, 2021 in exchange for a new stock option having a lower exercise price, but otherwise identical terms.
F5 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.
F6 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.
F7 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.