Eventbrite, Inc. 8-K Filing - Executive Compensation Acceleration

This Form 8-K filing by Eventbrite, Inc. details the acceleration of vesting and payment of certain equity awards and annual cash bonuses for key executives, including Julia Hartz, Anand Gandhi, Lisa Gorman, and Ted Dworkin. This action, approved by the Compensation Committee on December 18, 2025, is a consequence of the previously announced Merger Agreement with Bending Spoons US Inc. The acceleration aims to mitigate the potential adverse tax implications of Section 280G of the Internal Revenue Code for both the company and the executives. Specifically, performance-based and time-based restricted stock units (PSUs and RSUs) scheduled to vest in or after fiscal year 2026 have been accelerated, along with the 2025 annual cash bonus, assuming a 26.25% payout of target. The executives have agreed to sign a 280G Mitigation Acknowledgement, which includes a provision for repaying the after-tax portion of accelerated payments if employment terminates before the original vesting dates, though this obligation lapses upon the consummation of the merger. The filing also lists the specific amounts and shares accelerated for each executive and details the compensatory agreements involved.