Joan Lordi Amble - Dec 3, 2021 Form 4/A - Amendment Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Rhonda Powell, as Attorney-in-Fact for Joan L. Amble
Stock symbol
BZFD
Transactions as of
Dec 3, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/5/2022, 03:18 PM
Date Of Original Report
Dec 7, 2021
Previous filing
Aug 5, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Options Exercise $0 +1.69K $0.00 1.69K Dec 3, 2021 Direct
transaction BZFD Class A Common Stock Options Exercise $0 +1.35K +79.99% $0.00 3.04K Dec 3, 2021 Direct
transaction BZFD Class A Common Stock Options Exercise $0 +945 +31.09% $0.00 3.99K Dec 3, 2021 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 +27K 27K Dec 3, 2021 Class A Common Stock 27K Direct F1, F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -1.69K -6.25% $0.00 25.3K Dec 3, 2021 Class A Common Stock 1.69K Direct F1, F4, F5
transaction BZFD Restricted Stock Units Award +5.41K 5.41K Dec 3, 2021 Class A Common Stock 5.41K Direct F1, F2, F4, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -1.35K -24.99% $0.00 4.06K Dec 3, 2021 Class A Common Stock 1.35K Direct F1, F4, F7
transaction BZFD Restricted Stock Units Award +3.78K 3.78K Dec 3, 2021 Class A Common Stock 3.78K Direct F1, F2, F4, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -945 -24.97% $0.00 2.84K Dec 3, 2021 Class A Common Stock 945 Direct F1, F4, F7
transaction BZFD Restricted Stock Units Award +18.9K 18.9K Dec 3, 2021 Class A Common Stock 18.9K Direct F1, F2, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit 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.
F2 Represents restricted stock units 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 restricted stock units previously awarded by Original BuzzFeed for shares of its Class A Common Stock were exchanged for substitute restricted stock unit awards, of an equivalent economic value, which vest for shares of the issuer's Class A Common Stock.
F3 1/16 of this award vests on the transaction date. The remainder vests as to 1/16 of the total award on the 15th of each February, May, August, and November thereafter.
F4 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F5 Represents the vesting of 1/16 of the restricted stock units granted to the reporting person on the transaction date. The remainder of the award vests as to 1/16 of the total award on the 15th of each February, May, August, and November thereafter.
F6 1/4 of this award vests on the transaction date. The remainder vests as to 1/4 of the total award on the 18th of February, May, and August, 2022.
F7 Represents the vesting of 1/4 of the restricted stock units granted to the reporting person on the transaction date. The remainder of the award vests as to 1/4 of the total award on the 18th of February, May, and August, 2022.
F8 100% of the award vests on the date of the issuer's 2022 annual meeting of its stockholders, provided the issuer is a publicly traded company on that date.

Remarks:

This amended Form 4 was filed to report corrected remainders in column 9 of Table II for two of the reporting person's restricted stock unit awards.