{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-038568","form_type":"8-K","ticker":"SEAT","cik":"0001856031","company_name":"Vivid Seats Inc.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.837524+00:00","generated_at":"2026-05-17T03:17:26.474212+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vivid Seats terminates TRA, eliminates dual-class stock, expects up to $180M tax savings","bullets":["Terminates Tax Receivable Agreement, eliminating $6M cash payments due Q1 2026 and up to $180M lifetime tax savings.","Exchanges all Class B shares for Class A shares, creating single-class structure with ~10.7M shares outstanding.","Expects annual cash tax payments to drop to ~$3M and ~$1M annual compliance cost savings.","Issues 403,022 Class A shares as consideration for TRA termination; dual-class stock eliminated.","Special committee of independent directors approved the agreement; Paul Weiss and Latham & Watkins advised."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-038568","json":"https://secwatch.observer/filing/0001140361-25-038568.json","markdown":"https://secwatch.observer/filing/0001140361-25-038568.md","text":"https://secwatch.observer/filing/0001140361-25-038568.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856031/000114036125038568/0001140361-25-038568-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856031/000114036125038568/ef20057412_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:17:26.474212+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}