Emeth Value Capital (SEAT) reports passive 5.1% Vivid Seats common stock position

Rhea-AI Filing Summary

Emeth Value Capital, LLC has filed a Schedule 13G reporting a passive ownership stake in Vivid Seats Inc. common stock. The firm reports beneficial ownership of 556,918 shares, representing 5.1% of the outstanding common stock as of the event date.

Emeth reports no sole or shared voting power over these shares, but has sole dispositive power over all 556,918 shares, meaning it controls decisions to sell or otherwise dispose of them. The filing is certified as being for ordinary course investment purposes, not to change or influence control of Vivid Seats.

Insights

Equity ownership and disclosure analyst

Emeth Value Capital reports a new 5.1% passive stake in Vivid Seats with sole dispositive, but no voting, power.

Emeth Value Capital, LLC discloses beneficial ownership of 556,918 shares of Vivid Seats common stock, equal to 5.1% of the class as of the reported date. The Schedule 13G format and the certification language indicate this is a passive investment position.

The filing shows Emeth has sole dispositive power over all 556,918 shares but no sole or shared voting power. That means Emeth controls when and how these shares might be sold, but does not currently report the power to vote them on corporate matters.

The passive certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Vivid Seats. Future ownership reports would clarify whether this percentage or the voting/dispositive profile changes from the current 12/31/2025 snapshot.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Vivid Seats Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

92854T100

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 92854T100

1

Names of Reporting Persons

Emeth Value Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

LOUISIANA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 556,918.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

556,918.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vivid Seats Inc.
(b)	Address of issuer's principal executive offices: 24 E. WASHINGTON STREET, STE. 900, CHICAGO, ILLINOIS, 60602.
Item 2.
(a)	Name of person filing: Emeth Value Capital, LLC
(b)	Address or principal business office or, if none, residence: 631 St Charles Ave New Orleans, LA 70130
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 92854T100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 556,918
(b)	Percent of class: 5.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 556,918
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Emeth Value Capital, LLC

Signature:	Andrew J Carreon
Name/Title:	Managing Member, CCO
Date:	02/04/2026

FAQ

What stake in Vivid Seats Inc. (SEAT) did Emeth Value Capital report?

Emeth Value Capital reported beneficial ownership of 556,918 shares of Vivid Seats Inc. common stock, representing 5.1% of the outstanding class. This crosses the 5% threshold that requires public disclosure on Schedule 13G under SEC rules.

Does Emeth Value Capital have voting power over its SEAT shares?

The filing shows Emeth Value Capital has no sole or shared voting power over its Vivid Seats shares. However, it reports sole dispositive power over 556,918 shares, meaning it controls decisions to sell or otherwise dispose of those shares.

Is Emeth Value Capital’s 5.1% position in Vivid Seats passive or activist?

Emeth Value Capital filed on Schedule 13G and certified that the Vivid Seats securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, indicating a passive investment stance.

When was Emeth Value Capital’s ownership in Vivid Seats measured?

The ownership information is reported as of the event date of 12/31/2025. On that date, Emeth Value Capital beneficially owned 556,918 shares of Vivid Seats common stock, representing 5.1% of the class, with sole dispositive power over those shares.

Who signed the Schedule 13G for Emeth Value Capital regarding SEAT?

The Schedule 13G was signed by Andrew J Carreon, identified as Managing Member, CCO of Emeth Value Capital, LLC. By signing, he certified that the information provided about the Vivid Seats ownership position is true, complete, and correct.

What type of security in Vivid Seats Inc. is covered by this filing?

The filing covers common stock of Vivid Seats Inc., identified by CUSIP 92854T100. Emeth Value Capital’s 5.1% beneficial ownership and related dispositive and voting power disclosures all relate specifically to this class of common stock.