Form 4 for SEAT Vivid Seats Inc.
Accepted 2023-12-13 00:00:00 ET · period of report 2023-12-07 · accession 0001209191-23-058558 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-13 | 2023-12-12 | SEAT | Bakal Riva | Chief Strategy Off | S - Sale+OE | $6.95 | -2,039 | 55.2K | -4% | -$14.2K |
| D | 2023-12-13 | 2023-12-11 | SEAT | Bakal Riva | Chief Strategy Off | M - OptEx | — | +6,904 | 57.3K | +14% | — |
| DM | 2023-12-13 | 2023-12-07 | SEAT | Bakal Riva | Chief Strategy Off | D - Sale to Iss | — | -512.4K | 0 | -100% | — |
| DM | 2023-12-13 | 2023-12-07 | SEAT | Bakal Riva | Chief Strategy Off | A - Grant | — | +376.5K | 213.0K | New | — |
| D | 2023-12-13 | 2023-12-11 | SEAT | Bakal Riva | Chief Strategy Off | M - OptEx | $0.00 | -6,904 | 34.5K | -17% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-12 | S | D | 2,039 | $6.95 | 55,224 | D | — | — | (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 $7.01 per share. The reporting person undertakes to provide, upon request from 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. |
| 2 | Common | Class A Common Stock | 2023-12-11 | M | A | 6,904 | — | 57,263 | D | — | — | (F1) Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock. |
| 3 | Derivative | Stock Option | 2023-12-07 | D | D | 67,956 | — | 0 | D | $15.00 · — to 2031-10-19 | 67,956 Class A Common Stock | (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. (F4) The stock option began vesting in 16 equal quarterly installments on January 19, 2022. |
| 4 | Derivative | Stock Option | 2023-12-07 | D | D | 67,956 | — | 0 | D | $12.86 · — to 2031-10-19 | 67,956 Class A Common Stock | (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. (F4) The stock option began vesting in 16 equal quarterly installments on January 19, 2022. |
| 5 | Derivative | Stock Option | 2023-12-07 | D | D | 163,462 | — | 0 | D | $12.86 · — to 2031-10-19 | 163,462 Class A Common Stock | (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. (F4) The stock option began vesting in 16 equal quarterly installments on January 19, 2022. |
| 6 | Derivative | Stock Option | 2023-12-07 | A | A | 163,462 | — | 163,462 | D | $6.76 · — to 2031-10-19 | 163,462 Class A Common Stock | (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. (F4) The stock option began vesting in 16 equal quarterly installments on January 19, 2022. |
| 7 | Derivative | Stock Option | 2023-12-07 | D | D | 213,032 | — | 0 | D | $10.26 · — to 2032-03-11 | 213,032 Class A Common Stock | (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. (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. |
| 8 | Derivative | Restricted Stock Units | 2023-12-11 | M | D | 6,904 | $0.00 | 34,520 | D | — · — to — | 6,904 Class A Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock. (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. |
| 9 | Derivative | Stock Option | 2023-12-07 | A | A | 213,032 | — | 213,032 | D | $6.76 · — to 2032-03-11 | 213,032 Class A Common Stock | (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. (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. |