Hoya Topco, LLC 4
4 · Vivid Seats Inc. · Filed Dec 13, 2023
Insider Transaction Report
Form 4
Vivid Seats Inc.SEAT
Hoya Topco, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2023-12-12−23,575,000→ 82,225,000 total - Conversion
Class A Common Stock
2023-12-12+23,575,000→ 23,575,000 total - Sale
Class A Common Stock
2023-12-12$6.24/sh−23,575,000$147,108,000→ 0 total - Conversion
LLC Units of Hoya Intermediate, LLC
2023-12-12−23,575,000→ 76,225,000 total→ Class A Common Stock (23,575,000 underlying)
Footnotes (3)
- [F1]Reflects the cancellation for no consideration of shares of Class B Common Stock in connection with the exchange of LLC Units of Hoya Intermediate, LLC ("Intermediate Common Units") into shares of Class A Common Stock, as described in Note 3 below.
- [F2]Includes 6,000,000 shares of Class B Common Stock issuable upon the exchange of an equal number of Class B Warrants held by the reporting person, as previously reported.
- [F3]Intermediate Common Units and an equal number of shares of Class B Common Stock together are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments, and have no expiration date.