Form 4: Eventbrite's Chief Technology Officer, Vivek Sagi, Reports Stock Transactions
SEC Form 4
Vivek Sagi, Eventbrite's CTO, reports the vesting and subsequent tax withholding of Class A Common Stock related to Restricted Stock Units (RSUs).
Summary
- On February 1, 2025, Vivek Sagi, the Chief Technology Officer of Eventbrite, Inc., engaged in transactions involving Class A Common Stock related to his Restricted Stock Units (RSUs).
- Specifically, 7,550 shares vested from RSUs, and 2,239 shares were withheld by the issuer to cover income tax obligations at a price of $3.17 per share.
- Additionally, 11,085 shares vested from another set of RSUs, with 3,287 shares withheld for tax obligations at the same price of $3.17 per share.
- Following these transactions, Sagi directly owns 426,103 shares of Class A Common Stock and 44,342 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It reflects the ongoing vesting of previously granted equity to Eventbrite's CTO.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the tech industry to align executive incentives with company performance.
- Companies like Atlassian, Zoom, and Shopify also utilize RSUs as part of their compensation packages.
- The vesting schedules and tax withholding practices described are standard across similar companies.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
- The vesting of RSUs is part of the executive compensation plan, which is designed to incentivize management and align their interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| February 1, 2021 | Start date for vesting of 7,550 RSUs in sixteen equal quarterly installments through February 1, 2025. |
| February 1, 2022 | Start date for vesting of 11,085 RSUs in sixteen equal quarterly installments through February 1, 2026. |
| February 1, 2025 | Date of transactions: vesting of RSUs and withholding of shares for tax obligations. |
| February 1, 2025 | End date for vesting of 7,550 RSUs in sixteen equal quarterly installments from February 1, 2021. |
| February 6, 2025 | Date of signature for the Form 4 filing. |
| February 1, 2026 | End date for vesting of 11,085 RSUs in sixteen equal quarterly installments from February 1, 2022. |
Keywords
Eventbrite, Vivek Sagi, Form 4, RSU, Restricted Stock Units, Class A Common Stock, Beneficial Ownership, Insider Trading
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