Pickus Edward 4

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.