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

Role
Chief Legal Officer
Signature
/s/ Rhonda Powell
Issuer symbol
BZFD
Transactions as of
21 Nov 2022
Net transactions value
-$7,853
Form type
4
Filing time
23 Nov 2022, 16:00:57 UTC
Previous filing
17 Aug 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 +2,041 +1.8% $0.000000 115,204 21 Nov 2022 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +13,514 +12% $0.000000 128,718 21 Nov 2022 Direct F1
transaction BZFD Class A Common Stock Tax liability $7,853 -5,609 -4.4% $1.40 123,109 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 -2,041 -100% $0.000000* 0 21 Nov 2022 Class A Common Stock 2,041 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -13,514 -17% $0.000000 67,576 21 Nov 2022 Class A Common Stock 13,514 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.