Janet Rolle - Dec 3, 2021 Form 4/A - Amendment Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Rhonda Powell, as Attorney-in-Fact for Janet Rolle
Stock symbol
BZFD
Transactions as of
Dec 3, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/5/2022, 03:19 PM
Date Of Original Report
Dec 7, 2021
Previous filing
May 18, 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 Award $0 +29K $0.00 29K Dec 3, 2021 Direct F1

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 +107K 107K Dec 3, 2021 Class A Common Stock 107K Direct F2, F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -29K -27.08% $0.00 78.1K Dec 3, 2021 Class A Common Stock 29K Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares reported in this row of Table I represents the vesting of restricted stock units as of the indicated transaction date. Pursuant to the reporting person's award agreement with the issuer, physical settlement of the restricted stock units for shares of the issuer's Class A Common Stock will occur on January 3, 2022. The total reported in Column 5 reflects said shares.
F2 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.
F3 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.
F4 13/48 of this award vests on the transaction date. The remainder vests as to: (i) 1/24 of the total award on February 15, 2022; and (ii) 1/16 of the total award on the 15th of each May, August, November, and February thereafter.
F5 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F6 Represents the vesting of 13/48 of the award on the transaction date. The remainder vests as to: (i) 1/24 of the total award on February 15, 2022; and (ii) 1/16 of the total award on the 15th of each May, August, November, and February thereafter.

Remarks:

This amended Form 4 was filed to revise the number of restricted stock units that vested on December 3, 2021 from 29,007 to 29,006.