Form 4: Vivid Seats Inc. Executive Edward Pickus Reports Stock Transactions
SEC Form 4 Filing
Chief Accounting Officer Edward Pickus of Vivid Seats Inc. reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On July 19, 2024, Edward Pickus, Chief Accounting Officer of Vivid Seats Inc., acquired 1,817 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- On July 22, 2024, Pickus disposed of 537 shares of Class A Common Stock at a price of $5.26 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Pickus beneficially owns 40,936 shares of Class A Common Stock and 9,084 Restricted Stock Units.
- The RSUs vest in 16 equal quarterly installments, starting January 19, 2022, and will be fully vested by October 19, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding executive sentiment, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| January 19, 2022 | Start date for the 16 equal quarterly installments for RSU vesting. |
| July 19, 2024 | Acquisition of 1,817 shares of Class A Common Stock through RSU vesting. |
| July 22, 2024 | Disposal of 537 shares of Class A Common Stock at $5.26 per share for tax obligations. |
| July 23, 2024 | Date of the report. |
| October 19, 2025 | Final vesting date for the Restricted Stock Units. |
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