Gregory Coleman - Dec 28, 2022 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
Felicia DellaFortuna, as Attorney-in-Fact for Gregory Coleman
Stock symbol
BZFD
Transactions as of
Dec 28, 2022
Transactions value $
$0
Form type
4
Date filed
1/6/2023, 05:00 PM
Previous filing
Dec 6, 2022
Next filing
Mar 1, 2023

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 Stock Option (Right to Buy) Disposed to Issuer -1.59M -100% 0 Dec 28, 2022 Class A Common Stock 1.59M $5.31 Direct F1
transaction BZFD Stock Option (Right to Buy) Award +1.59M 1.59M Dec 28, 2022 Class A Common Stock 1.59M $5.31 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The two reported transactions involve an amendment to extend the expiration date of outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options. The options were originally granted on August 7, 2014, and are fully vested and exercisable for shares of the issuer's Class A Common Stock.