Patrick J. Kerins - Apr 5, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director, 10%+ Owner
Signature
/s/ Louis Citron, attorney-in-fact
Stock symbol
BZFD
Transactions as of
Apr 5, 2023
Transactions value $
$0
Form type
4
Date filed
4/6/2023, 07:25 PM
Previous filing
Dec 6, 2022
Next filing
Jun 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 +29K +27.21% $0.00 136K Apr 5, 2023 Direct F1
holding BZFD Class A Common Stock 15.3M Apr 5, 2023 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 Award $0 +116K $0.00 116K Apr 5, 2023 Class A Common Stock 116K Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -29K -25% $0.00 87.1K Apr 5, 2023 Class A Common Stock 29K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received restricted stock units ("RSUs") on April 5, 2023. Each RSU represented a contingent right to receive one share of the Issuer's common stock. 29,033 RSUs fully vested on April 5, 2023 and were settled in shares of the Issuer's common stock.
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 1/4 of the award vested on the transaction date. The remaining 87,100 RSUs vests ratably as to 1/4 of the total award on the 3rd of each June, September, and December thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.