Fey Lawrence 4

What Happened

Fey Lawrence, CEO of Vivid Seats (SEAT), reported the conversion/exercise of restricted stock units (derivative code M) on June 11, 2026. The filing shows 87,905 shares acquired through conversion of RSUs (price: N/A). At the same time, three disposals totaling 87,905 shares were reported at $0 (4,038; 7,414; 76,453 shares). The acquired and disposed amounts match exactly, resulting in no net new shares held by the insider from this event.

Key Details

• Transaction date: June 11, 2026 (filed June 15, 2026) — filing appears timely (within the 2 business-day window for Form 4s).
• Actions reported: Exercise/conversion of RSUs (code M) — 87,905 shares acquired; three disposals at $0 totaling 87,905 shares.
• Prices/values: Acquired reported at N/A; disposals reported at $0 (no cash proceeds reported).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: RSUs represent a contingent right to one Class A share (F1). Multiple RSU grants have staged vesting schedules (see F2–F4), and the RSUs do not have an expiration date.

Context

This filing reflects RSU vesting and conversion to common shares rather than an open-market purchase or a voluntary sale. The equal amounts acquired and disposed (and the $0 disposal price) are consistent with shares being surrendered or withheld immediately upon vesting to satisfy obligations (commonly taxes or similar), a routine administrative step. Such conversions are typical equity compensation events and do not by themselves signal a buy or sell opinion by the insider.