Key facts
- This page summarizes COMCAST CORP's Form 4 filing for BuzzFeed, Inc. (BZFD).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 06 Dec 2023, 16:22.
COMCAST CORP - 04 Dec 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- BZFD
- Reported as of
- 04 Dec 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 06 Dec 2023, 16:22:39 UTC
- Prior SEC filing
- 21 Feb 2023
- Next SEC filing
- 23 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Elizabeth Wideman, Senior Vice President, Senior Deputy General Counsel and Assistant Secretary, Comcast Corporation
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
COMCAST CORP filed Form 4 for BuzzFeed, Inc. (BZFD) on 06 Dec 2023.
Change
- Previous filing in this sequence was filed on 21 Feb 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BZFD
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +1,200,000
- Change %
- +6.2%
- Price
- Shares after
- 20,707,693
- Date
- 04 Dec 2023
- Ownership
- By Subsidiary
- Footnotes
- F1, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BZFD
transaction
Derivative
Convertible Rights
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,200,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Dec 2023
- Ownership
- By Subsidiary
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,200,000
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Reflects the exempt conversion pursuant to Rule 16b-6 of Convertible Rights into shares of Class A Common Stock pursuant to the terms of the Amended and Restated Escrow Agreement (the "Escrow Agreement") dated as of December 3, 2021 and entered into by and among: (i) PNC Bank, National Association; (ii) NBCUniversal Media, LLC ("NBCU"); (iii) Jonah Peretti; and (iv) Jonah Peretti, LLC.
Footnote F2
Pursuant to the terms of the Escrow Agreement, if the daily volume-weighted average price of one share of Class A Common Stock of the Issuer for the 15 consecutive trading days ending on the date that is one trading day immediately prior to the earlier of (x) a Parent Change of Control (as defined in the Escrow Agreement) and (y) December 3, 2023 is less than $12.50 per share, then the Convertible Rights shall convert for no consideration into shares of Class A Common Stock or Class B Common Stock, with the Escrow Agent (as defined in the Escrow Agreement) transferring to NBCU a number of shares of Class A Common Stock or Class B Common Stock, as applicable, up to a maximum of 1,200,00 shares, as determined in accordance with the Escrow Agreement (or, at the election of Jonah Peretti, LLC, in an equivalent cash amount). The Escrow Agreement expired on December 3, 2023.
Footnote F3
NBCU is a wholly owned subsidiary of NBCUniversal, LLC; NBCUniversal, LLC is a wholly owned subsidiary of Comcast Corporation.