Felicia DellaFortuna - 06 Dec 2021 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Chief Financial Officer
Signature
/s/ Rhonda Powell, as Attorney-in-Fact for Felicia DellaFortuna
Issuer symbol
BZFD
Transactions as of
06 Dec 2021
Net transactions value
-$253,522
Form type
4
Filing time
07 Jun 2022, 17:10:51 UTC
Previous filing
07 Dec 2021
Next filing
24 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Options Exercise $0 +153,000 $0.000000 153,000 05 Jun 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +19,379 +13% $0.000000 172,379 05 Jun 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +6,885 +4% $0.000000 179,264 05 Jun 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability $253,522 -67,426 -38% $3.76* 111,838 05 Jun 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BZFD Restricted Stock Units Award $0 +367,200 $0.000000 367,200 06 Dec 2021 Class A Common Stock 367,200 Direct F2, F4, F5, F8
transaction BZFD Restricted Stock Units Award $0 +24,480 $0.000000 24,480 12 May 2022 Class A Common Stock 24,480 Direct F3, F4, F6, F8
transaction BZFD Restricted Stock Units Award $0 +9,180 $0.000000 9,180 12 May 2022 Class A Common Stock 9,180 Direct F3, F4, F7, F8
transaction BZFD Restricted Stock Units Options Exercise $0 -153,000 -42% $0.000000 214,200 05 Jun 2022 Class A Common Stock 153,000 Direct F4, F5, F8
transaction BZFD Restricted Stock Units Options Exercise $0 -19,379 -79% $0.000000 5,101 05 Jun 2022 Class A Common Stock 19,379 Direct F4, F6, F8
transaction BZFD Restricted Stock Units Options Exercise $0 -6,885 -75% $0.000000 2,295 05 Jun 2022 Class A Common Stock 6,885 Direct F4, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A common stock reflect the settlement of restricted stock units of the Issuer ("RSUs") on June 5, 2022. Each RSU is convertible into a share of the Class A common stock on a 1-for-1 basis.
F2 Represents RSUs of the Issuer received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of June 24, 2021 (the "Merger Agreement") among (i) the Issuer, (ii) wholly-owned subsidiaries of the Issuer and (iii) the company formerly known as Buzzfeed, Inc. ("Original BuzzFeed"). At the Effective Time (as defined in the Merger Agreement), the Reporting Person's RSUs previously awarded by Original BuzzFeed with respect to shares of its Class A Common Stock were exchanged for replacement RSU awards of the Issuer, of an equivalent economic value, with respect to the Issuer's Class A common stock. The RSUs were subject to a liquidity event condition, which was satisfied by the Business Combination.
F3 Represents RSUs of the Issuer received pursuant to the Business Combination which was effectuated in accordance with the terms of the Merger Agreement. At the Effective Time, the Reporting Person's RSUs previously awarded by Original BuzzFeed with respect to shares of its Class A Common Stock were exchanged for replacement RSU awards of the Issuer, of an equivalent economic value, with respect to the Issuer's Class A common stock. The RSUs were subject to a liquidity event condition, which the board of directors of the Issuer waived on May 12, 2022.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the Reporting Person's continued status as a service provider to the Issuer.
F5 The RSUs service-vest on the following schedule: (a) one-third vest on January 1, 2022 and (b) the remaining two-thirds vest in eight equal installments on each quarterly anniversary thereafter.
F6 The RSUs service-vest on the following schedule: (a) 25% vest on April 11, 2020, and (b) the remaining 75% vests in 36 equal installments each monthly anniversary thereafter.
F7 The RSUs service-vest on the following schedule: (a) 25% vest on August 1, 2020, and (b) the remaining 75% vests in 36 equal installments each monthly anniversary thereafter.
F8 These RSUs do not expire. They either vest or are cancelled prior to the vesting date.