Felicia DellaFortuna - 06 Mar 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: CFO
Signature: /s/ Felicia Della Fortuna
Issuer symbol: BZFD
Transactions as of: 06 Mar 2023
Net transactions value: -$348
Form type: 4
Filing time: 08 Mar 2023, 20:32:37 UTC
Previous filing: 23 Nov 2022
Next filing: 16 May 2023
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	+191	+0.12%	$0.000000	154,233	06 Mar 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+510	+0.33%	$0.000000	154,743	06 Mar 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Tax liability	$348	-219	-0.14%	$1.59	154,524	06 Mar 2023	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	-191	-14%	$0.000000	1,148	06 Mar 2023	Class A Common Stock	191		Direct	F2, F3, F4
transaction	BZFD	Restricted Stock Units	Options Exercise	$0	-510	-20%	$0.000000	2,041	06 Mar 2023	Class A Common Stock	510		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 March 6, 2023. 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% vest on August 1, 2020, 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) 25% vest on April 11, 2020, and (b) the remaining 75% vests in 36 equal installments each monthly anniversary thereafter.