Eventbrite (NYSE: EB) CEO details RSU and PSU vesting, tax share withholding
Rhea-AI Filing Summary
Eventbrite, Inc.'s CEO and director reported several equity transactions on 12/19/2025. The filings show 6,863 Class A shares acquired upon the settlement of restricted stock units and a deemed acquisition of 1,632,688 Class A shares tied to performance-based restricted stock units, both at an exercise price of $0.0. The company withheld 1,413,175 Class A shares at $4.43 per share to cover income tax obligations, which is not described as a sale by the insider.
After these transactions, the reporting person beneficially owns 1,803,156 Class A shares directly, plus 2,456 Class A shares held through a family revocable trust and 74,341 Class A shares held by a spouse who serves as chairman of the board. The filing notes that the vesting and settlement of the awards accelerated in December 2025 under terms previously described in a December 2025 current report.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,863 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,863 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,632,688 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,413,175 | $4.43 | $6.26M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents a deemed acquisition of shares of Issuer Class A common stock underlying unvested performance-based restricted stock units ("PSUs") based on the deemed attainment of the applicable performance metrics at target performance, as permitted by the Merger Agreement (as defined in that Current Report on Form 8-K filed by the Issuer with the U.S. Securities and Exchange Commission on December 3, 2025 (the "December 2025 8-K")) and the confidential disclosure schedules thereunder. Such deemed acquisition is pursuant to the accelerated vesting and settlement of the Reporting Person's PSUs as disclosed in the December 2025 8-K. Represents shares that have been withheld by the Issuer to satisfy income tax and withholding and remittance obligations in connection with the net settlement of RSUs and PSUs (as defined herein) and does not represent a sale by the Reporting Person. The shares are owned by the Kevin Earnest Hartz & Julia D. Hartz TTEES the Hartz Family Revocable Trust Dtd 12/4/08 of which the Reporting Person is a co-trustee. Held by Kevin Hartz, who is the Chairman of the Issuer's Board of Directors and the spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock. In the ordinary course, the RSUs vest in sixteen equal quarterly installments from February 1, 2022 through February 1, 2026 subject to the Reporting Person's continued service to the Issuer. However, such RSUs accelerated vesting and settlement in December 2025, as disclosed in the December 2025 8-K.
FAQ
What insider transactions did Eventbrite (EB) report on 12/19/2025?
The reporting person, who is Eventbrite's CEO, director, and 10% owner, reported multiple 12/19/2025 transactions in Class A common stock, including the settlement of 6,863 RSU-based shares, a deemed acquisition of 1,632,688 performance-based RSU shares, and the withholding of 1,413,175 shares to cover taxes.
What do the performance-based restricted stock units (PSUs) for Eventbrite (EB) represent?
The filing describes a deemed acquisition of 1,632,688 shares of Class A common stock underlying unvested PSUs, based on deemed attainment of performance metrics at target performance, as permitted under a merger agreement and related schedules.
How do the restricted stock units (RSUs) for Eventbrite (EB) normally vest?
Each RSU represents a right to receive one share of Class A common stock. In the ordinary course, these RSUs vest in sixteen equal quarterly installments from February 1, 2022 through February 1, 2026, subject to continued service, although their vesting accelerated in December 2025.
Why did Eventbrite (EB) accelerate vesting of certain RSUs and PSUs for the insider?
The RSUs and PSUs for the reporting person accelerated vesting and settlement in December 2025, consistent with terms described in a December 2025 current report and a related merger agreement and disclosure schedules.