Vivid Seats (SEAT) general counsel exercises RSUs and sells 62 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vivid Seats Inc. general counsel Austin Arnett reported a mix of RSU-related exercises, tax withholding, and a small share sale. On Class A common stock, he sold 62 shares in an open-market transaction at about $8.36 per share. Earlier, he exercised awards tied to 3,542 shares of Class A common stock, reflecting settlement of Restricted Stock Units. To cover tax obligations from RSU vesting and settlement, 1,314 shares were disposed of under a mandatory “sell to cover” provision in the RSU agreement. Following these transactions, Arnett directly held 4,865 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 62 shares ($518)
Net Sell
6 txns
Insider
Arnett Austin
Role
General Counsel
Sold
62 shs ($518.32)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 62 | $8.36 | $518.32 |
| Exercise | Restricted Stock Units | 68 | $0.00 | -- |
| Exercise | Restricted Stock Units | 129 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,345 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,542 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,314 | $8.53 | $11K |
Holdings After Transaction:
Class A Common Stock — 4,865 shares (Direct, null);
Restricted Stock Units — 204 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock. 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. One-third of the RSUs vested on March 11, 2025. The remainder of the RSUs vest in equal quarterly installments such that they will be fully vested on March 11, 2027. The RSUs do not have an expiration date. One-third of the RSUs vested on March 11, 2026. The remainder of the RSUs vest in equal quarterly installments such that they will be fully vested on March 11, 2028. The RSUs do not have an expiration date. The RSUs began vesting in equal quarterly installments on March 11, 2026 such that they will be fully vested on December 11, 2027. The RSUs do not have an expiration date.
Key Figures
Open-market sale: 62 shares at $8.36
RSU-related shares acquired: 3,542 shares
Tax-withholding shares: 1,314 shares at $8.53
+1 more
4 metrics
Open-market sale
62 shares at $8.36
Class A Common Stock sale on June 12, 2026
RSU-related shares acquired
3,542 shares
Class A Common Stock from derivative exercise on June 11, 2026
Tax-withholding shares
1,314 shares at $8.53
Mandatory sell-to-cover for RSU tax obligations on June 11, 2026
Direct holdings after transactions
4,865 shares
Class A Common Stock held directly after reported transactions
Key Terms
Restricted Stock Unit ("RSU"), sell to cover, tax withholding obligations, vesting and settlement, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock."
sell to cover financial
"Represents shares sold pursuant to a mandatory "sell to cover" provision of the RSU agreement"
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 and settlement of the RSUs."
vesting and settlement financial
"arising in connection with the vesting and settlement of the RSUs."
quarterly installments financial
"The remainder of the RSUs vest in equal quarterly installments such that they will be fully vested"
FAQ
What insider transactions did Vivid Seats (SEAT) report for Austin Arnett?
Austin Arnett reported RSU-related exercises, a tax-withholding disposition, and a small open-market sale. He exercised awards linked to 3,542 Class A shares, had 1,314 shares withheld for taxes, and sold 62 shares while remaining a shareholder.
What does the RSU footnote in the Vivid Seats filing explain?
The footnote explains that each Restricted Stock Unit represents a contingent right to receive one Class A share. It also notes that some shares were sold under a mandatory “sell to cover” provision to satisfy tax withholding obligations arising from RSU vesting and settlement.