Form 4: Vivid Seats Inc. Executive Riva Bakal Reports Stock Transactions
SEC Form 4
Riva Bakal, Chief Strategy Officer of Vivid Seats Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On March 11, 2025, Riva Bakal, Chief Strategy Officer of Vivid Seats Inc., engaged in multiple transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Bakal acquired 14,529, 6,904, and 193,796 shares of Class A Common Stock through the vesting of RSUs.
- She also disposed of 90,783 shares to cover tax obligations at a price of $3.77 per share.
- Additionally, Bakal sold 3,188 shares of Class A Common Stock at an average price of $2.83 per share on March 13, 2025.
- Following these transactions, Bakal directly owns 262,783 shares of Class A Common Stock and 387,599 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | One-third of the 6,904 RSUs vested. |
| 03/11/2024 | One-third of the 14,529 RSUs vested. |
| 03/11/2025 | Multiple transactions involving Class A Common Stock and Restricted Stock Units occurred, including RSU vesting and tax obligation fulfillment. |
| 03/11/2025 | One-third of the 193,796 RSUs vested. |
| 03/11/2025 | The remainder of the 6,904 RSUs vested in equal quarterly installments such that they fully vested. |
| 03/13/2025 | Sale of 3,188 shares of Class A Common Stock. |
| 03/11/2026 | The remainder of the 14,529 RSUs vest in equal quarterly installments such that they will be fully vested. |
| 03/11/2027 | The remainder of the 193,796 RSUs vest in equal quarterly installments such that they will be fully vested. |
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