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

Role
Chief Legal Officer
Signature
/s/ Rhonda Powell
Issuer symbol
BZFD
Transactions as of
15 Aug 2022
Net transactions value
-$13,771
Form type
4
Filing time
17 Aug 2022, 20:08:30 UTC
Previous filing
24 Feb 2022
Next filing
23 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Options Exercise $0 +4,079 +4% $0.000000 105,993 15 Aug 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +13,516 +13% $0.000000 119,509 15 Aug 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability $13,771 -6,346 -5.3% $2.17 113,163 15 Aug 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 -4,079 -67% $0.000000 2,041 15 Aug 2022 Class A Common Stock 4,079 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -13,516 -14% $0.000000 81,090 15 Aug 2022 Class A Common Stock 13,516 Direct F2, F4, F5
* 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% vests on September 5, 2019 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) one-third vest on January 1, 2022, and (b) the remaining two-thirds vest in eight equal installments on each quarterly anniversary thereafter.