Vivid Seats (SEAT) CTO Stefano Langenbacher Exercises RSUs

What Happened

• Stefano Langenbacher, Chief Technology Officer of Vivid Seats (SEAT), had 592 Restricted Stock Units (RSUs) convert to shares on August 12, 2026. Of those, 221 shares were withheld to satisfy tax withholding at $7.26/share (total $1,604), leaving a net delivery of 371 shares to the insider.
• This was not a cash purchase or open‑market sale of shares; it was a standard RSU vesting/conversion with shares withheld for taxes (a common administrative transaction).

Key Details

• Transaction date: 2026-08-12.
• Conversion: 592 RSUs converted to 592 shares (transaction code M = exercise/conversion of derivative); exercise price shown as $0.00 (RSUs, not option purchases).
• Tax withholding: 221 shares withheld (transaction code F) at $7.26/share, total value $1,604.
• Net shares delivered to insider: 371 shares (592 issued minus 221 withheld).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Each RSU equals a contingent right to one Class A common share.
  • F2: Vesting: 1/3 vested Nov 12, 2025; remaining vest in equal quarterly installments, fully vesting Nov 12, 2027. RSUs have no expiration.
• Filing timeliness: no late filing indicated in the provided data.

Context

• This is a routine RSU settlement (net‑share settlement): RSUs converted to shares with a portion withheld to cover taxes rather than a market sale for cash. That administrative withholding should not be read as an intentional sale of shares to take profits.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = payment of exercise price or tax liability (here, share withholding for taxes).