Form 4: Vivid Seats CFO Lawrence Fey Increases Stake Through Scheduled RSU Vesting
Insider Transaction Report
Vivid Seats Inc. Chief Financial Officer Lawrence Fey acquired 104,575 shares of Class A Common Stock on June 11, 2025, through the vesting of Restricted Stock Units, significantly increasing his direct beneficial ownership.
Summary
- Lawrence Fey, the Chief Financial Officer of Vivid Seats Inc. (SEAT), reported changes in his beneficial ownership of the company's securities.
- On June 11, 2025, Mr. Fey acquired a total of 104,575 shares of Class A Common Stock through the exercise of Restricted Stock Units (RSUs).
- This acquisition included 23,826 shares from one RSU grant and 80,749 shares from another RSU grant, both at an exercise price of $0.
- Following these transactions, Mr. Fey directly beneficially owns 1,136,439 shares of Class A Common Stock.
- He also continues to hold 71,479 unvested Restricted Stock Units from the first grant, which are scheduled to be fully vested by March 11, 2026.
- Additionally, Mr. Fey holds 565,249 unvested Restricted Stock Units from the second grant, with full vesting expected by March 11, 2027.
Sentiment
Score: 7
Explanation: The filing indicates a scheduled vesting of equity compensation for a key executive, leading to an increase in their direct ownership. This is generally viewed as a neutral to slightly positive event as it aligns executive incentives with shareholder value, but it's a pre-planned event rather than a discretionary purchase.
Positives
- The acquisition of shares by the Chief Financial Officer increases his direct ownership in Vivid Seats, aligning management's interests more closely with those of shareholders.
- The transaction is a result of scheduled equity compensation vesting, which is a standard practice for executive incentives and reflects the company's commitment to long-term performance.
Future Outlook
The document indicates future vesting schedules for remaining Restricted Stock Units held by the CFO, with full vesting for one tranche by March 11, 2026, and for another by March 11, 2027.
Industry Context
This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape within the ticketing or entertainment industry.
Stakeholder Impact
- Shareholders may view the increased direct ownership by a key executive positively, as it further aligns management's financial interests with the long-term performance and value creation for shareholders.
Next Steps
- Continued quarterly vesting of the remaining 71,479 Restricted Stock Units until fully vested on March 11, 2026.
- Continued quarterly vesting of the remaining 565,249 Restricted Stock Units until fully vested on March 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | One-third of the first RSU grant vested. |
| 03/11/2025 | One-third of the second RSU grant vested. |
| 06/11/2025 | Transaction date for the vesting and acquisition of 104,575 Class A Common Stock shares by Lawrence Fey. |
| 06/13/2025 | Signature date of the reporting person, Lawrence Fey. |
| 03/11/2026 | Expected full vesting date for the remaining 71,479 Restricted Stock Units from the first grant. |
| 03/11/2027 | Expected full vesting date for the remaining 565,249 Restricted Stock Units from the second grant. |
Keywords
Vivid Seats, SEAT, Lawrence Fey, CFO, Form 4, Insider Transaction, Stock Ownership, Restricted Stock Units, RSU Vesting, Equity Compensation
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