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 April 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).
- Also on April 19, 2024, 1,817 Restricted Stock Units were converted.
- On April 22, 2024, Pickus sold 537 shares of Class A Common Stock at an average price of $5.90 per share to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Pickus directly owns 35,434 shares of Class A Common Stock and 10,901 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market. It provides investors with information about the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The sale of shares to cover tax obligations is a standard practice and unlikely to significantly affect stakeholders.
Key Dates
| Date | Description |
|---|---|
| January 19, 2022 | Start date for RSU vesting in 16 equal quarterly installments. |
| April 19, 2024 | Acquisition of 1,817 shares of Class A Common Stock through RSU vesting. |
| April 22, 2024 | Sale of 537 shares of Class A Common Stock at $5.90 per share. |
| April 23, 2024 | Date of Form 4 filing. |
| October 19, 2025 | Date when RSUs will be fully vested. |
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