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

Role
Chief Legal Officer
Signature
/s/ Rhonda Powell
Stock symbol
BZFD
Transactions as of
Aug 15, 2022
Transactions value $
-$13,771
Form type
4
Date filed
8/17/2022, 08:08 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 +4.08K +4% $0.00 106K Aug 15, 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +13.5K +12.75% $0.00 120K Aug 15, 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability -$13.8K -6.35K -5.31% $2.17 113K 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 -4.08K -66.65% $0.00 2.04K Aug 15, 2022 Class A Common Stock 4.08K Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -13.5K -14.29% $0.00 81.1K Aug 15, 2022 Class A Common Stock 13.5K 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.