# EDGAR Filing Document

**Accession Number:** 0001856031
**File Stem:** 0001193125-25-263155
**Filing Date:** 2025-11
**Character Count:** 9049
**Document Hash:** bf28237f0c733cf7a37668684f79fb0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-263155.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001193125-25-263155

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251030

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Hoya Topco, LLC
- **CENTRAL INDEX KEY:** 0001668426

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40926
- **FILM NUMBER:** 251446076

**BUSINESS ADDRESS:**
- **STREET 1:** C/O KIRKLAND & ELLIS LLP
- **STREET 2:** 555 CALIFORNIA STREET, SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 415-439-1400

**MAIL ADDRESS:**
- **STREET 1:** C/O KIRKLAND & ELLIS LLP
- **STREET 2:** 555 CALIFORNIA STREET, SUITE 2700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vivid Seats Inc.
- **CENTRAL INDEX KEY:** 0001856031
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 863355184
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 24 E. WASHINGTON STREET
- **STREET 2:** STE. 900
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-291-9966

**MAIL ADDRESS:**
- **STREET 1:** 24 E. WASHINGTON STREET
- **STREET 2:** STE. 900
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[x] 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**<sup>*</sup><br>Hoya Topco, LLC<br><sub>(Last) (First) (Middle)</sub><br>300 NORTH LASALLE STREET, SUITE 5600<br><sub>(Street)</sub><br>CHICAGO, IL 60654<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-10-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Vivid Seats Inc. [ SEAT ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | 2025-10-30 |  | J<sup>(2)</sup> |  | 1506737 | D | $0 | 2304513<sup>(1)</sup> | D |  |
| Class A Common Stock | 2025-10-31 |  | A |  | 243691 | A | <sup>(3)</sup> | 243691 | D |  |
| Class A Common Stock | 2025-10-31 |  | C |  | 2304513 | A | $0 | 2548204 | D |  |
| Class A Common Stock | 2025-10-31 |  | J<sup>(2)</sup> |  | 2548204 | D | $0 | 0 | D |  |
| Class B Common Stock | 2025-10-31 |  | J<sup>(4)</sup> |  | 2304513 | D | $0 | 0 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| LLC Units of Hoya Intermediate, LLC | <sup>(5)</sup> | 2025-10-30 |  | J<sup>(2)</sup> |  |  | 1506737 | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 1506737 | $0 | 2304513 | D |  |
| Class B Warrants | <sup>(6)</sup> | 2025-10-30 |  | J<sup>(6)</sup> |  |  | 79068 | <sup>(6)</sup> | <sup>(6)</sup> | Class B Common Stock | 79068 | <sup>(6)</sup> | 120932 | D |  |
| LLC Units of Hoya Intermediate, LLC | <sup>(5)</sup> | 2025-10-31 |  | C |  |  | 2304513 | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 2304513 | $0 | 0 | D |  |
| Class B Warrants | <sup>(6)</sup> | 2025-10-31 |  | J<sup>(6)</sup> |  |  | 120932 | <sup>(6)</sup> | <sup>(6)</sup> | Class B Common Stock | 120932 | <sup>(6)</sup> | 0 | D |  |
| Class A Warrants | <sup>(6)</sup> | 2025-10-31 |  | J<sup>(6)</sup> |  | 120932 |  | <sup>(6)</sup> | <sup>(6)</sup> | Class A Common Stock | 120932 | <sup>(6)</sup> | 120932 | D |  |
| Class A Warrants | <sup>(6)</sup> | 2025-10-31 |  | J<sup>(2)</sup> |  |  | 120932 | <sup>(6)</sup> | <sup>(6)</sup> | Class A Common Stock | 120932 | <sup>(6)</sup> | 0 | D |  |

---

### Footnotes:

(1) All information in this Form 4 reflects the impact of the Issuer's 1-for-20 reverse stock split on August 5, 2025.

(2) Represents a pro-rata distribution in-kind by Hoya Topco, LLC to its members for no consideration.

(3) Issued as consideration for the complete and full termination of all rights and obligations under the Tax Receivable Agreement, dated October 18, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the "TRA"), other than certain terms thereof that will expressly survive.

(4) Represents the cancellation for no consideration of shares of Class B Common Stock in connection with the exchange of LLC Units of Hoya Intermediate, LLC ("Intermediate Common Units") into shares of Class A Common Stock.

(5) Intermediate Common Units and an equal number of shares of Class B Common Stock together are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments, and have no expiration date.

(6) Pursuant to the terms of the Amended and Restated Corporation Warrant Agreements entered into between the Issuer, the Reporting Persons and the other parties thereto, the Reporting Person's warrants to purchase Class B Common Stock were canceled and converted into 100,000 warrants to purchase Class A Common Stock at $200 per share (the "$200 Class A Warrants") and 100,000 warrants to purchase Class A Common Stock at $300 per share (the "$300 Class A Warrants" and, together with the $200 Class A Warrants, the "Class A Warrants").   The Class A Warrants are presently exchangeable into shares of Class A Common Stock on a one-to-one basis at the discretion of the holder.

**Signature:** Hoya Topco, LLC, By: /s/ Mark Anderson, Manager  
**Date:** 2025-11-03

### Remarks:

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.**