Boehly Todd L 4

What Happened Todd L. Boehly, reported as a 10% owner of Vivid Seats, had 6,579 restricted stock units (RSUs) vest and convert into 6,579 shares of Class A common stock on June 3, 2026. The conversion was recorded as an exercise/conversion of a derivative (transaction code M). No cash was paid and no sale occurred — the transaction reflects vesting/conversion of awards rather than an open-market purchase or sale.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely filing).
• Reported transactions: 6,579 RSUs converted into 6,579 shares. Disposition line shows $0.00 consideration — this reflects conversion/cancellation of the derivative, not a sale.
• Price/Value: $0.00 per share for the disposition entry; acquisition is listed as N/A because the shares were issued upon vesting.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: (1) Each RSU equals the right to one share of Class A common stock. (2) The RSUs vested in full on June 3, 2026 (earlier of that date and one day before the 2026 annual meeting); RSUs have no expiration date.
• Insider status: Boehly is a 10% owner (large/beneficial owner), not a routine employee open-market trade.

Context

• This was a vesting/conversion of RSUs into stock, not a sale—so it doesn't indicate a bullish or bearish trade by the insider.
• The $0 disposition line is a common bookkeeping entry when a derivative award is exercised/converted; it does not mean shares were sold.
• As a 10% owner, Boehly’s holdings reflect large-owner reporting rules; this is an award-vesting event rather than a market transaction.