Form 4: Vivid Seats Inc. Executive Riva Bakal Reports Stock Transactions
SEC Form 4 Filing
Riva Bakal, Chief Strategy Officer of Vivid Seats Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Riva Bakal, Chief Strategy Officer of Vivid Seats Inc., filed a Form 4 detailing changes in beneficial ownership.
- On October 19, 2024, Bakal acquired 3,851 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- On October 21, 2024, Bakal sold 1,730 shares of Class A Common Stock at a weighted average price of $4.09 per share to cover tax obligations related to the RSU vesting.
- Following these transactions, Bakal directly owns 127,059 shares of Class A Common Stock and 15,407 Restricted Stock Units.
- The RSUs vest in 16 equal quarterly installments, which began on 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 executive, which is standard practice for publicly traded companies.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| January 19, 2022 | RSUs began vesting in 16 equal quarterly installments |
| October 19, 2024 | Acquisition of 3,851 shares of Class A Common Stock through RSU vesting |
| October 21, 2024 | Sale of 1,730 shares of Class A Common Stock at $4.09 per share |
| October 19, 2025 | RSUs will be fully vested |
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