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.
Summary
- Lawrence Fey, the Chief Financial Officer of Vivid Seats Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 11, 2024, Fey acquired 23,826 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Additionally, Fey acquired 16,244 shares of Class A Common Stock through the vesting of additional RSUs on the same date.
- Following these transactions, Fey directly owns 390,326 shares of Class A Common Stock.
- Fey also holds 48,734 Restricted Stock Units that vest quarterly until March 11, 2025, and 166,784 Restricted Stock Units that vest quarterly until March 11, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency regarding their stock ownership and transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | One-third of the first set of RSUs vested and settled. |
| 03/11/2024 | One-third of the second set of RSUs vested and settled. |
| 06/11/2024 | Date of the reported transactions: vesting of RSUs into Class A Common Stock. |
| 03/11/2025 | Remaining RSUs from the first grant will be fully vested. |
| 03/11/2026 | Remaining RSUs from the second grant will be fully vested. |
| 06/13/2024 | Date of signature for the Form 4 filing. |
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