Equity Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

The following tables summarize the total activity for RSUs during the six months ended June 30, 2025 and 2024 (in thousands, except per RSU data):


	RSUs			Weighted Average Grant Date Fair Value Per RSU
Unvested at December 31, 2024		11,777		$	5.61
Granted		13,826			2.71
Forfeited		(508	)		3.93
Vested		(4,723	)		5.72
Unvested at June 30, 2025		20,372		$	3.66


	RSUs			Weighted Average Grant Date Fair Value Per RSU
Unvested at December 31, 2023		3,866		$	8.35
Granted		10,940			5.34
Forfeited		(225	)		7.37
Vested		(1,486	)		8.14
Unvested at June 30, 2024		13,095		$	5.88

Summary of Activity for Stock Option

The following tables summarize the total activity for stock options during the six months ended June 30, 2025 and 2024 (in thousands, except price per stock option data):


	Stock Options			Weighted Average Exercise Price Per Stock Option		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024		8,102		$	8.11	7.7	$	—
Forfeited		(15	)		7.17
Outstanding at June 30, 2025		8,087		$	8.11	7.2	$	—
Vested and exercisable at June 30, 2025		6,833		$	7.85


	Stock Options			Weighted Average Exercise Price Per Stock Option		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2023		8,807		$	8.02		9.0	$	—
Forfeited		(114	)		7.01
Expired		(148	)		6.90
Outstanding at June 30, 2024		8,545		$	8.05		8.0	$	—
Vested and exercisable at June 30, 2024		4,622		$	7.58

Vivid Seats Inc. 10-Q