Patrick J. Kerins - Sep 3, 2022 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Signature
/s/ Louis Citron, attorney-in-fact
Stock symbol
BZFD
Transactions as of
Sep 3, 2022
Transactions value $
$0
Form type
4
Date filed
9/6/2022, 06:14 PM
Previous filing
Jun 7, 2022
Next filing
Dec 6, 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 +26.7K +50% $0.00 80K Sep 3, 2022 Direct
holding BZFD Class A Common Stock 15.3M Sep 3, 2022 See Note 1 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 Options Exercise $0 -26.7K -50% $0.00 26.7K Sep 3, 2022 Class A Common Stock 26.7K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is a director of NEA 13 GP, LTD, which is the sole general partner of NEA Partners 13, L.P. ("NEA Partners 13"). NEA Partners 13 is the sole general partner of New Enterprise Associates 13, L.P. ("NEA 13"), which is the direct beneficial owner of the securities. The reporting person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 13 in which the reporting person has no pecuniary interest.
F2 Each Restricted Stock Unit ("RSU") 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 25% of the award vested on September 3, 2022. The remainder of the award vests thereafter on the third of December 2022.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.