Form 4: Arnett Austin reports multiple insider transactions in SEAT
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arnett Austin reported multiple insider transaction types in a Form 4 filing for SEAT. The filing lists transactions totaling 72 shares at a weighted average price of $6.83 per share. Following the reported transactions, holdings were 487 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12 shares ($82)
Net Sell
3 txns
Insider
Arnett Austin
Role
General Counsel
Sold
12 shs ($81.96)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12 | $6.83 | $81.96 |
| Exercise | Restricted Stock Units | 30 | $0.00 | -- |
| Exercise | Class A Common Stock | 30 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 487 shares (Direct);
Restricted Stock Units — 61 shares (Direct)
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 August 12, 2024. The remainder of the RSUs vest in equal quarterly installments such that they will be fully vested on August 12, 2026. The RSUs do not have an expiration date.
FAQ
What insider transaction did Vivid Seats (SEAT) report for Austin Arnett?
Vivid Seats reported that General Counsel Austin Arnett exercised 30 RSUs into 30 Class A common shares, then sold 12 shares. The activity reflects routine equity compensation events linked to vesting, rather than a large discretionary share sale.
What type of derivative security was involved in Austin Arnett’s Vivid Seats (SEAT) transaction?
The derivative security was Restricted Stock Units (RSUs), each representing a right to receive one Class A common share. On February 12, 2026, 30 RSUs were converted into 30 shares at an exercise price of $0, as part of his equity compensation.
What is the vesting schedule of Austin Arnett’s Vivid Seats (SEAT) RSUs?
One-third of Arnett’s RSUs vested on August 12, 2024. The remaining RSUs vest in equal quarterly installments so that they become fully vested on August 12, 2026. The RSUs have no stated expiration date, according to the disclosure.