Phuong Dao Nguyen - 03 Dec 2021 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: Publisher
Signature: /s/ Rhonda Powell, as Attorney-in-Fact for Phuong Dao Nguyen
Issuer symbol: BZFD
Transactions as of: 03 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 07 Dec 2021, 16:38:41 UTC
Next filing: 24 Feb 2022
SEC: View on sec.gov

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	+36,720	36,720	03 Dec 2021	Class A Common Stock	36,720	$1.05	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+45,900	45,900	03 Dec 2021	Class A Common Stock	45,900	$5.31	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+183,600	183,600	03 Dec 2021	Class A Common Stock	183,600	$7.48	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+37,396	37,396	03 Dec 2021	Class A Common Stock	37,396	$8.76	Direct	F1, F2
transaction	BZFD	Stock Option (Right to Buy)	Award	+54,403	54,403	03 Dec 2021	Class A Common Stock	54,403	$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.