Form 4: Vivid Seats Inc. Chief Technology Officer Jonathan Miles Wagner Reports Stock Transactions
SEC Form 4
Jonathan Miles Wagner, Chief Technology Officer of Vivid Seats Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On March 11, 2024, Jonathan Miles Wagner acquired 69,734 and 10,153 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Wagner also sold 29,588 shares of Class A Common Stock on March 12, 2024, at an average price of $5.71 per share to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Wagner directly owns 139,925 shares of Class A Common Stock and 180,082 Restricted Stock Units.
- The RSUs vest in quarterly installments, with full vesting occurring on March 11, 2025 and March 11, 2026 for the respective grants.
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.
Future Outlook
The remaining RSUs will continue to vest in quarterly installments until March 11, 2025 and March 11, 2026.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | One-third of the RSUs vested and settled. |
| 03/11/2024 | Vesting and settlement of 69,734 and 10,153 Restricted Stock Units; acquisition of corresponding Class A Common Stock. |
| 03/12/2024 | Sale of 29,588 shares of Class A Common Stock at an average price of $5.71 per share. |
| 03/13/2024 | Date of signature for the SEC Form 4 filing. |
| 03/11/2025 | RSUs will become fully vested. |
| 03/11/2026 | RSUs will become fully vested. |
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