[Form 4] Vivid Seats Inc. Insider Trading Activity

Rhea-AI Filing Summary

Vivid Seats Inc. (SEAT) disclosed an insider equity transaction by its Chief Financial Officer, Lawrence Fey. On October 19, 2025, he acquired 625 shares of Class A common stock via the vesting and settlement of restricted stock units (Form 4 code M).

Following the transaction, his beneficial ownership stands at 65,154 Class A shares (direct). The derivative entry shows 625 RSUs settled into shares at a $0 price, with 0 derivative securities remaining. The RSUs vested in 16 equal quarterly installments beginning January 19, 2022 and became fully vested on October 19, 2025.

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

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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^*

Fey Lawrence

(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)

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

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		625	A	(1)	65,154	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			625	(2)	(2)	Class A Common Stock	625	$0	0	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 16 equal quarterly installments on January 19, 2022 and became fully vested on October 19, 2025. The RSUs do not have an expiration date.

	/s/ Lawrence Fey	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?

The CFO, Lawrence Fey, acquired 625 Class A shares on October 19, 2025 via RSU vesting (code M).

How many Vivid Seats shares does the CFO own after the transaction?

He beneficially owns 65,154 Class A shares directly after the reported transaction.

What was the size and nature of the derivative settlement?

A total of 625 RSUs settled into 625 Class A shares at a $0 derivative price, leaving 0 derivative securities.

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

They vested in 16 equal quarterly installments starting January 19, 2022 and were fully vested by October 19, 2025.

What does transaction code M mean on a Form 4?

Code M indicates the conversion or exercise of a derivative security (here, RSUs converting into common stock).

Did this filing report any sales of SEAT shares?

No. It reports RSU settlement into shares; the entry shows 625 shares acquired.