Phuong Dao Nguyen - 06 Mar 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: Publisher
Signature: /s/ Felicia DellaFortuna, Attorney-in-Fact for Phuong Dao Nguyen
Issuer symbol: BZFD
Transactions as of: 06 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2023, 20:33:18 UTC
Previous filing: 23 Nov 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	+1,594	+0.83%	$0.000000	193,828	06 Mar 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Tax liability	$0	-735	-0.38%	$0.000000	193,093	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	-1,594	-50%	$0.000000	1,594	06 Mar 2023	Class A Common Stock	1,594		Direct	F2, F3, F4

* 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 January 1, 2020 and (b) the remaining 75% vest in 36 equal installments on each monthly anniversary thereafter.
F4	These RSUs do not expire; they either vest or are cancelled prior to the vesting date.