Christian Baesler - Mar 6, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: COO
Signature: /s/ Felicia DellaFortuna, Attorney-in-Fact for Christian Baesler
Stock symbol: BZFD
Transactions as of: Mar 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/8/2023, 08:34 PM
Previous filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+229K		$0.00	229K	Mar 6, 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Tax liability	$0	-120K	-52.36%	$0.00	109K	Mar 6, 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	-229K	-33.33%	$0.00	459K	Mar 6, 2023	Class A Common Stock	229K		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.