Arnett Austin 4
4 · Vivid Seats Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Vivid Seats (SEAT) GC Arnett Austin Exercises RSUs, Sells Shares
What Happened
Arnett Austin, General Counsel of Vivid Seats (SEAT), had restricted stock units (RSUs) convert into shares on June 11, 2026. The filing shows 3,542 shares were issued on conversion/settlement of RSU awards. To satisfy tax withholding, 1,314 shares were sold at $8.53 per share for proceeds of $11,208. Separately, 62 shares were sold in the open market on June 12, 2026 at $8.36 per share for $518. Several additional RSU conversion/settlement line items appear in the filing with $0 reported proceeds (see Key Details/Footnotes).
These transactions are settlements of equity awards (not purchases). The sell-to-cover and small open-market sale are routine actions to satisfy tax obligations and/or liquidity needs rather than a straightforward buy signal.
Key Details
- Transaction dates and prices:
- June 11, 2026: RSU conversion/derivative exercise reported for 3,542 shares (M code).
- June 11, 2026: Sell-to-cover (F code) of 1,314 shares at $8.53; proceeds $11,208 (per footnote F2).
- June 12, 2026: Open-market sale (S code) of 62 shares at $8.36; proceeds $518.
- Additional M-code conversion/settlement entries (June 11) report 68, 129 and 3,345 shares with $0 proceeds in the filing (these reflect RSU settlements as reported).
- Shares owned after the transaction: not specified in the provided filing text.
- Footnotes of note:
- F1: Each RSU converts to one share when settled.
- F2: The 1,314-share sale was a mandatory sell-to-cover to satisfy tax withholding on vesting/settlement.
- F3–F5: Multiple RSU grants have different vesting schedules (various quarterly vesting dates through 2027–2028).
- Filing: Form 4 filed June 15, 2026, reporting transactions occurring June 11–12, 2026.
Context
- M-coded entries indicate exercise or conversion of derivatives (here, RSUs converting into stock). The presence of sell-to-cover means some of the vested shares were immediately used/sold to cover taxes (a common administrative step). The small open-market sale is a separate disposal and yielded modest proceeds.
- These actions are routine award settlements rather than new purchases; purchases tend to be more informative about insider bullishness. No indication in the filing of a 10% owner or a 10b5-1 plan.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-11+3,542→ 6,241 total - Tax Payment
Class A Common Stock
2026-06-11$8.53/sh−1,314$11,208→ 4,927 total - Sale
Class A Common Stock
[F2]2026-06-12$8.36/sh−62$518→ 4,865 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-11−68→ 204 total→ Class A Common Stock (68 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-11−129→ 910 total→ Class A Common Stock (129 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-11−3,345→ 20,069 total→ Class A Common Stock (3,345 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock.
- [F2]Represents shares sold pursuant to a mandatory "sell to cover" provision of the RSU agreement to satisfy tax withholding obligations arising in connection with the vesting and settlement of the RSUs.
- [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.