Form 4: Vivid Seats General Counsel Emily T. Epstein Reports Stock Transactions
SEC Form 4 Filing
Emily T. Epstein, General Counsel of Vivid Seats Inc., reported the acquisition of 7,845 Class A Common Stock units and the disposal of 3,635 Class A Common Stock units on December 11, 2024.
Summary
- Emily T. Epstein, the General Counsel of Vivid Seats Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On December 11, 2024, Ms. Epstein acquired 7,845 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Also on December 11, 2024, she disposed of 3,635 shares of Class A Common Stock at a price of $3.58 per share.
- Following these transactions, Ms. Epstein directly owns 52,726 shares of Class A Common Stock and 39,227 Restricted Stock Units.
- The RSUs vest over time, with one-third vesting on March 11, 2024, and the remainder vesting in equal quarterly installments until March 11, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of stock transactions by an insider, which is neither positive nor negative in itself. It reflects normal activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions reported are typical for executives who receive stock-based compensation, such as RSUs.
- The vesting schedule of the RSUs is also a common practice in executive compensation packages.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine insider transactions.
- The filing provides transparency to the market regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | One-third of the Restricted Stock Units vested. |
| 12/11/2024 | Date of stock acquisition and disposal transactions. |
| 12/13/2024 | Date the Form 4 was signed. |
| 03/11/2026 | Date when all Restricted Stock Units will be fully vested. |
Keywords
Form 4, Vivid Seats, Insider Trading, Stock Transaction, Restricted Stock Units, Beneficial Ownership, Class A Common Stock, Emily T. Epstein
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