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

Signature
/s/ Louis Citron, attorney-in-fact
Stock symbol
BZFD
Transactions as of
Dec 3, 2022
Transactions value $
$0
Form type
4
Date filed
12/6/2022, 05:10 PM
Previous filing
Sep 6, 2022
Next filing
Apr 6, 2023

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 +33.33% $0.00 107K Dec 3, 2022 Direct F1
holding BZFD Class A Common Stock 15.3M Dec 3, 2022 See Note 2 F2

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 Unit Options Exercise $0 -26.7K -100% $0.00* 0 Dec 3, 2022 Class A Common Stock 26.7K Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Form 4 filed on June 7, 2022 inadvertently underreported the number of restricted stock units ("RSUs") that vested on June 3, 2022 by 1 share. This Form 4 gives effect to the correction.
F2 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.
F3 Each 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.
F4 The remaining 29,679 RSUs vested on December 3, 2022.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.