Phuong Dao Nguyen - Dec 3, 2021 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: Publisher
Signature: /s/ Rhonda Powell, as Attorney-in-Fact for Phuong Dao Nguyen
Stock symbol: BZFD
Transactions as of: Dec 3, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/7/2021, 04:38 PM
Next filing: Feb 24, 2022

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

Type	Sym	Class	Transaction	Shares	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BZFD	Stock Option (Right to Buy)	Award	+36.7K	36.7K	Dec 3, 2021	Class A Common Stock	36.7K	$1.05	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+45.9K	45.9K	Dec 3, 2021	Class A Common Stock	45.9K	$5.31	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+184K	184K	Dec 3, 2021	Class A Common Stock	184K	$7.48	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+37.4K	37.4K	Dec 3, 2021	Class A Common Stock	37.4K	$8.76	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+54.4K	54.4K	Dec 3, 2021	Class A Common Stock	54.4K	$8.76	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents stock options 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 stock options previously awarded by Original BuzzFeed for shares of its Class A Common Stock were exchanged for substitute option awards, of an equivalent economic value, which vest and become exercisable for shares of the issuer's Class A Common Stock.
F2	This award vests in full on the transaction date.

Content

Represents stock options 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 stock options previously awarded by Original BuzzFeed for shares of its Class A Common Stock were exchanged for substitute option awards, of an equivalent economic value, which vest and become exercisable for shares of the issuer's Class A Common Stock.

This award vests in full on the transaction date.