Phuong Dao Nguyen - 21 Nov 2022 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Publisher
Signature
/s/Rhonda Powell, as Attorney-in-Fact for Phuong Dao Nguyen
Issuer symbol
BZFD
Transactions as of
21 Nov 2022
Net transactions value
-$3,704
Form type
4
Filing time
23 Nov 2022, 16:00:50 UTC
Previous filing
17 Aug 2022
Next filing
08 Mar 2023
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 +4,781 +2.5% $0.000000 194,880 21 Nov 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability $3,704 -2,646 -1.4% $1.40 192,234 21 Nov 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 -4,781 -60% $0.000000 3,188 21 Nov 2022 Class A Common Stock 4,781 Direct F2, F3, F4
* 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 November 21, 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 January 1, 2020 and (b) the remaining 75% vest in 36 equal installments on each monthly anniversary thereafter.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.