Wagner Jonathan Miles 4

Accession 0001209191-23-058566

CIK 0001856031other

View on SEC.gov Company Profile

Filed

Dec 12, 7:00 PM ET

Accepted

Dec 13, 7:33 PM ET

Size

23.5 KB

Accession

0001209191-23-058566

Insider Transaction Report

Form 4

Period: 2023-12-07

Vivid Seats Inc.SEAT

Wagner Jonathan Miles

Chief Technology Officer

Transactions

Disposition to Issuer
Stock Option
2023-12-07−265,252→ 0 total
Exercise: $12.86Exp: 2031-10-19→ Class A Common Stock (265,252 underlying)
Disposition to Issuer
Stock Option
2023-12-07−313,283→ 0 total
Exercise: $10.26Exp: 2032-03-11→ Class A Common Stock (313,283 underlying)
Exercise/Conversion
Restricted Stock Units
2023-12-11−10,153→ 50,764 total
→ Class A Common Stock (10,153 underlying)
Exercise/Conversion
Class A Common Stock
2023-12-11+10,153→ 88,416 total
Disposition to Issuer
Stock Option
2023-12-07−110,273→ 0 total
Exercise: $15.00Exp: 2031-10-19→ Class A Common Stock (110,273 underlying)
Disposition to Issuer
Stock Option
2023-12-07−110,273→ 0 total
Exercise: $12.86Exp: 2031-10-19→ Class A Common Stock (110,273 underlying)
Award
Stock Option
2023-12-07+265,252→ 265,252 total
Exercise: $6.76Exp: 2031-10-19→ Class A Common Stock (265,252 underlying)
Award
Stock Option
2023-12-07+313,283→ 313,283 total
Exercise: $6.76Exp: 2032-03-11→ Class A Common Stock (313,283 underlying)
Sale
Class A Common Stock
2023-12-12$6.95/sh−2,915$20,259→ 85,501 total

Footnotes (9)

[F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's 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]Represents the weighted average sale price of multiple transactions at prices ranging from $6.95 to $7.00 per share. The reporting person undertakes to provide, upon request of the staff of the SEC, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
[F4]The stock option began vesting in 16 equal quarterly installments on January 19, 2022.
[F5]The stock option was cancelled by mutual agreement of the reporting person and the Issuer in connection with the other stock option cancellations and grants reported on this Form.
[F6]The reporting person agreed to cancellation of a stock option granted on October 19, 2021 in exchange for a new stock option having a lower exercise price, but otherwise identical terms.
[F7]One-third of the stock option vested on March 11, 2023. The remainder of the stock option vests in equal quarterly installments such that the stock option will be fully vested on March 11, 2025.
[F8]The reporting person agreed to cancellation of a stock option granted on March 11, 2022 in exchange for a new stock option having a lower exercise price, but otherwise identical terms.
[F9]One-third of the RSUs vested and settled on March 11, 2023. The remainder of the RSUs vest and settle in equal quarterly installments such that the RSUs will be fully vested on March 11, 2025. The RSUs do not have an expiration date.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Vivid Seats Inc.

CIK 0001856031

→

Entity typeother

Related Parties

filerCIK 0001880369

Filing Metadata

Form type: 4
Filed: Dec 12, 7:00 PM ET
Accepted: Dec 13, 7:33 PM ET
Size: 23.5 KB

View on SEC.gov