NEW ENTERPRISE ASSOCIATES 13 LP - 04 Mar 2025 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
10%+ Owner
Signature
/s/ Zachary Bambach, attorney-in-fact
Issuer symbol
BZFD
Transactions as of
04 Mar 2025
Net transactions value
-$44,616
Form type
4
Filing time
06 Mar 2025, 21:05:38 UTC
Previous filing
31 Jan 2024
Next filing
11 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Sale $2,978 -1,438 -0.04% $2.07 3,832,035 04 Mar 2025 Direct F1, F2, F3
transaction BZFD Class A Common Stock Sale $18,266 -8,966 -0.23% $2.04 3,823,069 05 Mar 2025 Direct F3, F4
transaction BZFD Class A Common Stock Sale $23,372 -11,127 -0.29% $2.10 3,811,942 06 Mar 2025 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.03 to $2.09 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 On May 6, 2024, the Issuer effected a 1-for-4 reverse stock split of its Class A Common Stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F3 The securities are directly held by New Enterprise Associates 13, L.P. ("NEA 13") and are indirectly held by NEA Partners 13, L.P. ("NEA Partners 13"), the sole general partner of NEA 13, NEA 13 GP, LTD ("NEA 13 LTD"), the sole general partner of NEA Partners 13, and the individual directors of NEA 13 LTD (NEA Partners 13, NEA 13 LTD and the individual directors of NEA 13 LTD (collectively, the "Directors"), together, the "Indirect Reporting Persons"). The Directors of NEA 13 LTD are Forest Baskett, Patrick J. Kerins and Scott D. Sandell. The Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 13 in which the Indirect Reporting Persons have no pecuniary interest.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.02 to $2.05 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.02 to $2.14 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.