Felicia DellaFortuna - Aug 15, 2022 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Chief Financial Officer
Signature
/s/ Rhonda Powell, as Attorney-in-Fact for Felicia DellaFortuna
Stock symbol
BZFD
Transactions as of
Aug 15, 2022
Transactions value $
-$24,686
Form type
4
Date filed
8/17/2022, 08:02 PM
Previous filing
Feb 24, 2022
Next filing
Nov 23, 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 +382 +0.34% $0.00 112K Aug 15, 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +1.02K +0.91% $0.00 113K Aug 15, 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +30.6K +27.02% $0.00 144K Aug 15, 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability -$24.7K -11.4K -7.91% $2.17 132K Aug 15, 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 Options Exercise $0 -382 -16.64% $0.00 1.91K Aug 15, 2022 Class A Common Stock 382 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -1.02K -20% $0.00 4.08K Aug 15, 2022 Class A Common Stock 1.02K Direct F2, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -30.6K -14.29% $0.00 184K Aug 15, 2022 Class A Common Stock 30.6K Direct F2, F4, F6
* 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 ("RSUs") on August 15, 2022. Each RSU is convertible into a share of Issuer's Class A common stock on a 1-for-1 basis.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock, subject to the Reporting Person's continued status as a service provider to the Issuer.
F3 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.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F5 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.
F6 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.