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

Role: COO
Signature: /s/ Felicia DellaFortuna, Attorney-in-Fact for Christian Baesler
Issuer symbol: BZFD
Transactions as of: 06 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2023, 20:34:07 UTC
Previous filing: 24 Feb 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	+229,497		$0.000000	229,497	06 Mar 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Tax liability	$0	-120,170	-52%	$0.000000	109,327	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	-229,497	-33%	$0.000000	459,003	06 Mar 2023	Class A Common Stock	229,497		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 Class A common stock, subject to the Reporting Person's continued status as a service provider to the Issuer.
F3	1/3 of the total award settled on December 4, 2022. The remaining 459,003 RSUs vests ratably as to 1/8 of the total award quarterly in eight equal installments on the fourth of March, June, September, and December thereafter.
F4	These RSUs do not expire; they either vest or are cancelled prior to the vesting date.