Form 4: 245 RSU shares vested; SEAT director now holds 3,961

Rhea-AI Filing Summary

Vivid Seats (SEAT) reported an insider equity change: a director converted restricted stock units into 245 shares of Class A common stock on 10/19/2025 (transaction code M).

Following the transaction, the director beneficially owned 3,961 shares directly. The RSUs vest in five equal annual installments beginning 10/19/2022 and are scheduled to be fully vested on 10/19/2026; they have no expiration date. Share counts reflect the 1-for-20 reverse stock split effected on 08/05/2025.

Insider Trade Summary

245 shares exercised/converted

Mixed 2 txns

Insider Dixon Craig A.

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	245	$0.00	--
Exercise	Class A Common Stock	245	$0.00	--

Holdings After Transaction: Restricted Stock Units — 245 shares (Direct); Class A Common Stock — 3,961 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock. The RSUs began vesting in five equal annual installments on October 19, 2022, such that they will be fully vested on October 19, 2026. The RSUs do not have an expiration date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dixon Craig A.

(Last) (First) (Middle)

C/O VIVID SEATS INC.

24 E. WASHINGTON ST., STE. 900

(Street)

CHICAGO IL 60602

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Vivid Seats Inc. [ SEAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/19/2025		M		245	A	(1)	3,961	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/19/2025		M			245	(2)	(2)	Class A Common Stock	245	$0	245	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock.

2. The RSUs began vesting in five equal annual installments on October 19, 2022, such that they will be fully vested on October 19, 2026. The RSUs do not have an expiration date.

Remarks:

The numbers of shares (including shares underlying RSUs) reported on this Form 4 have been adjusted to give effect to a 1-for-20 reverse stock split of the Issuer's Class A and Class B common stock that was effected on August 5, 2025.

	/s/ Emily Epstein, Attorney-in-Fact	10/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Vivid Seats (SEAT) disclose in this Form 4?

A director converted RSUs into 245 Class A shares on 10/19/2025 (code M).

How many Vivid Seats shares does the reporting person own after the transaction?

The reporting person beneficially owned 3,961 shares directly after the transaction.

What is the vesting schedule for the reported RSUs at SEAT?

The RSUs vest in five equal annual installments beginning 10/19/2022 and are fully vested on 10/19/2026.

What does transaction code M indicate in this SEAT filing?

Code M indicates a conversion or exercise of a derivative security, here RSUs into common shares.

Were the share counts adjusted for a stock split at Vivid Seats?

Yes. Counts reflect a 1-for-20 reverse stock split effected on 08/05/2025.

What was the price for the RSU conversion in this SEAT Form 4?

The derivative price was listed as $0 for the RSU conversion.