Vivid Seats (SEAT) General Counsel exercises 31 RSUs and sells 11 shares
Rhea-AI Filing Summary
Vivid Seats Inc. General Counsel Austin Arnett reported transactions involving Class A common stock and Restricted Stock Units (RSUs).
On August 12, 2026, Arnett exercised 31 RSUs, each converting into one share of Class A common stock, and the corresponding RSU derivative position was reduced to 0 units. On August 13, 2026, 11 shares of Class A common stock were sold at $7.22 per share pursuant to a mandatory sell-to-cover provision to satisfy tax withholding obligations arising from the RSU vesting and settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Arnett Austin
Role
General Counsel
Sold
11 shs ($79.42)
Approx. gross sale proceeds
$79.42
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2 | 11 | $7.22 | $79.42 |
| Exercise | Restricted Stock Units F1, F3 | 31 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 31 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 4,885 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock.
- F2. Represents shares sold pursuant to a mandatory "sell to cover" provision of the RSU agreement to satisfy tax withholding obligations arising in connection with the vesting and settlement of the RSUs.
- F3. One-third of the RSUs vested on August 12, 2024. The remainder of the RSUs vested in equal quarterly installments such that they fully vested on August 12, 2026. The RSUs do not have an expiration date.
Key Figures
Shares sold: 11 shares
Sale price: $7.22 per share
RSUs exercised: 31 RSUs
+1 more
4 metrics
Shares sold
11 shares
Class A common stock sale on August 13, 2026
Sale price
$7.22 per share
Mandatory sell-to-cover sale of 11 shares
RSUs exercised
31 RSUs
RSUs converted into Class A common stock on August 12, 2026
RSUs remaining in this award
0 RSUs
Reported total RSUs following the August 12, 2026 conversion
Key Terms
Restricted Stock Unit, sell to cover, tax withholding obligations
3 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"Represents shares sold pursuant to a mandatory "sell to cover" provision"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"to satisfy tax withholding obligations arising in connection with the vesting"
FAQ
What insider transactions did Vivid Seats (SEAT) report for Austin Arnett?
Vivid Seats reported that General Counsel Austin Arnett exercised 31 RSUs into Class A common stock on August 12, 2026, and sold 11 shares on August 13, 2026 under a mandatory sell-to-cover provision for tax withholding.
What RSU activity did Vivid Seats (SEAT) disclose for Austin Arnett?
Vivid Seats disclosed that on August 12, 2026, 31 Restricted Stock Units held by Austin Arnett were exercised, each RSU converting into one share of Class A common stock, reducing the reported RSU balance in this award to 0 units.
Did Vivid Seats (SEAT) indicate that Austin Arnett’s RSUs had an expiration date?
The company indicated that the RSUs do not have an expiration date. One-third vested on August 12, 2024, with the remainder vesting in equal quarterly installments until they fully vested on August 12, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.