Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our Class A common stock and warrants are listed on the Nasdaq Global Select Market under the trading symbols “SEAT” and “SEATW,” respectively.
Stockholders
As of February 28, 2026, there were 53 holders of record of our Class A common stock. However, the actual number of our stockholders is greater than this because it includes beneficial owners whose shares are held in “street name” by banks, brokers, and other nominees.
Dividends
We did not pay any cash dividends on our Class A common stock during the year ended December 31, 2025. We intend to retain future earnings for operations, development, expansion, and debt repayment, as well as potential acquisitions, strategic investments, and share repurchases. As a result, we have no current intention to pay cash dividends on our Class A common stock for the foreseeable future. Any future decision to do so will be made at the discretion of our Board and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions (including those under our credit facility and/or any future indebtedness we may incur), business prospects, and other factors that our Board may deem relevant.
Recent Sales of Unregistered Securities
Other than as previously disclosed in a Current Report on Form 8-K, we did not sell any equity securities during the year ended December 31, 2025 that were not registered under the Securities Act.
Purchases of Equity Securities by the Issuer & Affiliated Purchasers
The following table provides information related to repurchases of Class A common stock during the three months ended December 31, 2025 (in thousands, except share and per share data):
Period
Total Number of Shares Purchased
Average Price Paid Per Share
Total Number of Shares Purchased As Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
October 1-31, 2025
—
$
—
—
$
59,080
November 1-30, 2025
—
—
—
59,080
December 1-31, 2025
—
—
—
59,080
Total
—
$
—
—
$
59,080
(1) On February 29, 2024, our Board authorized a share repurchase program for up to $100.0 million of Class A common stock (the “ Share Repurchase Program ”). The Share Repurchase Program was publicly announced on March 5, 2024, does not have a fixed expiration date, and does not obligate us to purchase any minimum number of shares. Under the Share Repurchase Program, we may repurchase shares in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
Item 6. [Reserved]
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