Form 4: Vivid Seats CFO Lawrence Fey Reports Stock Transactions
SEC Form 4 Filing
Lawrence Fey, CFO of Vivid Seats Inc., reports the acquisition of Class A Common Stock through the vesting and settlement of Restricted Stock Units (RSUs).
Summary
- On September 11, 2024, Lawrence Fey, the Chief Financial Officer of Vivid Seats Inc., reported transactions involving Class A Common Stock.
- Fey acquired 23,826 shares and 16,245 shares of Class A Common Stock through the vesting and settlement of Restricted Stock Units (RSUs).
- Following these transactions, Fey directly owns 426,652 shares and 442,897 shares of Class A Common Stock.
- The reported transactions also involved Restricted Stock Units, with 16,245 and 23,826 units vesting.
- After the reported transactions, Fey directly owns 32,489 and 142,958 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares as RSUs vest.
Key Dates
| Date | Description |
|---|---|
| March 11, 2023 | One-third of the 16,245 RSUs vested and settled. |
| March 11, 2024 | One-third of the 23,826 RSUs vested and settled. |
| September 11, 2024 | Date of the reported transactions involving Class A Common Stock and Restricted Stock Units. |
| March 11, 2025 | Remaining RSUs (16,245) vest and settle in equal quarterly installments such that they will be fully vested. |
| March 11, 2026 | Remaining RSUs (23,826) vest and settle in equal quarterly installments such that they will be fully vested. |
| September 13, 2024 | Date of signature for the SEC Form 4 filing. |
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