Pickus Edward 4

4 · Vivid Seats Inc. · Filed Mar 13, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

Vivid Seats CAO Edward Pickus Exercises RSUs, Surrenders 6,417 Shares

What Happened

Edward Pickus, Chief Accounting Officer of Vivid Seats (SEAT), had RSUs vest and convert into 15,543 shares on March 11, 2026 (reported on Form 4 filed March 13, 2026). To satisfy tax withholding, 6,417 shares were surrendered at $6.10 per share for a withholding value of $39,144. After withholding, Pickus received a net ~9,126 shares.
This is a vesting/conversion event (not a market buy) followed by a routine tax withholding (sell‑to‑cover style). The conversion lines show $0.00 per-share because RSUs convert to stock without cash exercise price.

Key Details

Transaction date: March 11, 2026; Form 4 filed: March 13, 2026 (timely filing).
Primary codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability (shares withheld).
Shares involved: 15,543 RSUs converted to shares; 6,417 shares withheld at $6.10 each (= $39,144); net shares delivered ≈ 9,126.
Reporting artifact: Several conversion lines show 0.00 price — reflects RSU-to-share conversion (no cash paid).
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes indicate multiple RSU grants with staggered vesting schedules (one‑third vesting dates and quarterly vesting thereafter; RSUs have no expiration).

Context

RSU conversion is a non‑market acquisition of shares; withholding of shares to cover taxes is common and does not necessarily indicate a decision to sell remaining shares.
M = conversion of derivative (RSU), F = tax withholding. This transaction appears routine (vesting + tax withholding), not a discretionary open‑market sale or purchase.

Form 4

Period: 2026-03-11

Chief Accounting Officer

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-03-11+15,543→ 21,923 total
Tax Payment
Class A Common Stock
2026-03-11$6.10/sh−6,417$39,144→ 15,506 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-03-11−204→ 0 total
→ Class A Common Stock (204 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-11−808→ 3,232 total
→ Class A Common Stock (808 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-11−5,931→ 11,863 total
→ Class A Common Stock (5,931 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-11−8,600→ 60,207 total
→ Class A Common Stock (8,600 underlying)

Footnotes (5)

[F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock.
[F2]One-third of the RSUs vested on March 11, 2024. The remainder of the RSUs vested in equal quarterly installments such that fully vested on March 11, 2026. The RSUs do not have an expiration date.
[F3]One-third of the RSUs vested on March 11, 2025. The remainder of the RSUs vest in equal quarterly installments such that they will be fully vested on March 11, 2027. The RSUs do not have an expiration date.
[F4]One-third of the RSUs vested on March 11, 2026. The remainder of the RSUs vest in equal quarterly installments such that they will be fully vested on March 11, 2028. The RSUs do not have an expiration date.
[F5]The RSUs began vesting in equal quarterly installments on March 11, 2026 such that they will be fully vested on December 11, 2027. The RSUs do not have an expiration date.

Signature

/s/ Edward Pickus|2026-03-13

1 file