[Form 4] Vivid Seats Inc. Warrant Insider Trading Activity

Rhea-AI Filing Summary

Banco de Chile (BCH) Form 6-K – Local bond placement

On 22 Jul 2025 the bank informed the Chilean Financial Market Commission that it completed a domestic offering of three series of senior, dematerialized, bearer bonds:

• Series GB: CLF 500,000, maturity 1 Sep 2034, average placement rate 3.11%.
• Series GG: CLF 150,000, maturity 1 May 2035, average placement rate 3.11%.
• Series HW: CLF 450,000, maturity 1 Jun 2044, average placement rate 3.19%.

The combined issuance totals CLF 1,100,000, providing Banco de Chile with medium- to long-term funding at fixed rates slightly above 3%. All tranches are duly registered with the CMF. The filing contains no additional financial results, guidance, or intended use of proceeds.

Insights

Financial Analyst

TL;DR: Routine funding extends debt maturity; neutral short-term impact.

The CLF 1.1 million issuance equates to long-dated funding (9-19 years) at 3.11-3.19%, consistent with Chile’s real-rate curve. While it marginally increases leverage, the fixed-rate structure reduces refinancing risk and supports liquidity management. Absence of earnings or capital guidance limits valuation impact; therefore, the event is operational rather than market-moving.

Fixed-Income Specialist

TL;DR: Successful placement signals steady investor demand but is not materially transformational.

The bank attracted local demand across three maturities, locking in real rates near historical lows for Chilean UF debt. The size and pricing suggest healthy credit perception, yet the volumes represent a modest portion of Banco de Chile’s balance sheet. Without details on proceeds deployment or capital ratios, the transaction’s strategic significance remains limited.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bakal Riva

(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 Supply/Customer Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2025

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	07/19/2025		M		3,852	A	(1)	362,769	D
Class A Common Stock	07/21/2025		S		1,689(2)	D	$1.62(3)	361,080	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)	07/19/2025		M			3,852	(4)	(4)	Class A Common Stock	3,852	$0	3,852	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock.

2. 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.

3. Represents the weighted average sale price of multiple transactions at prices ranging from $1.62 to $1.65 per share. The reporting person undertakes to provide, upon request from the staff of the SEC, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.

4. The RSUs began vesting in 16 equal quarterly installments on January 19, 2022, such that they will be fully vested on October 19, 2025. The RSUs do not have an expiration date.

	/s/ Riva Bakal	07/22/2025
	** 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).
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