Eldridge Industries, LLC - Oct 4, 2022 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role: 10%+ Owner
Signature: /s/ Eldridge Industries, LLC, By: /s/ Todd L. Boehly, Authorized Signatory
Stock symbol: SEAT
Transactions as of: Oct 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/6/2022, 04:13 PM
Previous filing: Jul 7, 2022
Next filing: Apr 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SEAT	Options (Obligation to Purchase)	Other		+2.5M			0	Oct 4, 2022	Class A Common Stock	2.5M	$9.77	Direct	F1, F2
transaction	SEAT	Options (Obligation to Purchase)	Sale		-2.5M	-50%		2.5M	Oct 4, 2022	Class A Common Stock	2.5M	$9.77	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transactions relate to the Options (Obligation to Purchase) reported on the Reporting Persons' Form 3, filed with the Securities & Exchange Commission (the "SEC") on October 18, 2021. The Option is an obligation of Eldridge Industries, LLC ("Eldridge"). On October 4, 2022, Eldridge agreed, for no consideration, to extend the exercise date of the Option until April 19, 2023, which may be deemed to be a cancellation of the original Option and the acquisition of a new one.
F2	Todd L. Boehly is the indirect controlling member of Eldridge and, in such capacity, may be deemed to have voting and dispositive power over the reported securities. Mr. Boehly disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Solely for purposes of Section 16 of the Securities and Exchange Act of 1934, Eldridge may be deemed a director by deputization with respect to the Issuer.

Content

The reported transactions relate to the Options (Obligation to Purchase) reported on the Reporting Persons' Form 3, filed with the Securities & Exchange Commission (the "SEC") on October 18, 2021. The Option is an obligation of Eldridge Industries, LLC ("Eldridge"). On October 4, 2022, Eldridge agreed, for no consideration, to extend the exercise date of the Option until April 19, 2023, which may be deemed to be a cancellation of the original Option and the acquisition of a new one.

Todd L. Boehly is the indirect controlling member of Eldridge and, in such capacity, may be deemed to have voting and dispositive power over the reported securities. Mr. Boehly disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Solely for purposes of Section 16 of the Securities and Exchange Act of 1934, Eldridge may be deemed a director by deputization with respect to the Issuer.