Langenbacher Stefano 4

What Happened
Stefano Langenbacher, Chief Technology Officer of Vivid Seats (SEAT), converted a total of 57,836 restricted stock units (RSUs) into Class A common shares on March 11, 2026. To satisfy tax withholding obligations, 25,620 of those shares were surrendered (disposed) at $6.10 per share for total withholding of $156,282. Several additional RSU conversion line items (1,817; 17,793; 38,226) appear in the filing as derivative conversions and show $0 cash proceeds because they represent conversion of awards rather than open-market sales.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (appears timely within the 2-business-day window).
• Primary actions: Conversion/exercise of RSUs (SEC code M) and tax withholding/share surrender (SEC code F).
• Shares converted (acquired): 57,836 RSUs converted to shares.
• Shares withheld/disposed for taxes: 25,620 shares at $6.10 each = $156,282.
• Other derivative entries: 1,817; 17,793; 38,226 shares listed as conversions with $0 proceeds (reflect conversion, not market sales).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: RSUs convert 1-for-1 to Class A common stock (F1). Vesting schedules differ by grant — one-third vested on earlier dates with remaining portions vesting quarterly through 2027–2028 (see F2–F4 in the filing).

Context

• This was an administrative conversion of RSUs and a tax-withholding share surrender, not an open-market sale or purchase — common when equity awards vest.
• The $156k figure reflects tax withholding value, not cash proceeds to the insider.
• Such conversions typically do not indicate a buy/sell sentiment; they are routine compensation events.