Fey Lawrence 4

What Happened

• Fey Lawrence, CEO of Vivid Seats (SEAT), had 111,337 restricted stock units (RSUs) convert to 111,337 shares on March 11, 2026 (reported as an exercise/conversion, transaction code M). The filing also shows four simultaneous dispositions totaling 111,337 shares (1,192; 4,038; 29,655; 76,452) reported at $0.00 (derivative), so no cash proceeds were reported.
• This was not an open‑market sale or purchase of stock for cash; the transaction reflects RSU vesting/conversion and concurrent dispositions of the resulting shares.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely filing).
• Acquired: 111,337 shares via RSU conversion (code M). Disposed: 111,337 shares in multiple tranches at $0.00 (derivative disposals).
• No cash value reported for the dispositions (reported $0.00), so no open‑market proceeds. Shares owned after the transactions are not specified in the supplied data.
• Relevant footnotes: F1 clarifies each RSU equals a contingent right to one share of Class A common stock. Footnotes F2–F5 describe different RSU grant vesting schedules (some fully or partially vesting on/after March 11, 2024–2026), indicating these were vested RSU conversions.
• Transaction code M denotes exercise or conversion of a derivative (here RSUs); the $0 disposals are frequently used to report shares withheld/surrendered rather than public sales.

Context

• For retail investors: this filing documents RSU vesting and conversion into shares, not a market purchase or a sale for cash. When converted shares are reported as disposed at $0, that commonly represents share withholding or surrender to cover taxes or exercise costs rather than an open‑market sale — the Form 4 here reports no cash proceeds.
• Such RSU conversions are routine compensation events tied to vesting schedules and do not by themselves indicate buying or selling sentiment by the insider.