Rhonda Powell - Nov 21, 2022 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Chief Legal Officer
Signature
/s/ Rhonda Powell
Stock symbol
BZFD
Transactions as of
Nov 21, 2022
Transactions value $
-$7,853
Form type
4
Date filed
11/23/2022, 04:00 PM
Previous filing
Aug 17, 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 +2.04K +1.8% $0.00 115K Nov 21, 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +13.5K +11.73% $0.00 129K Nov 21, 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability -$7.85K -5.61K -4.36% $1.40 123K Nov 21, 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 -2.04K -100% $0.00* 0 Nov 21, 2022 Class A Common Stock 2.04K Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -13.5K -16.67% $0.00 67.6K Nov 21, 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 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% 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.