Gregory Coleman - Apr 5, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Heather Flores-Ricks, as Attorney-in-Fact for Gregory Coleman
Stock symbol
BZFD
Transactions as of
Apr 5, 2023
Transactions value $
$0
Form type
4
Date filed
4/6/2023, 06:52 PM
Previous filing
Mar 1, 2023
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 +3.27% $0.00 918K Apr 5, 2023 Direct F1
holding BZFD Class A Common Stock 13.1K Apr 5, 2023 By The Audrey Amelia Coleman 2014 Trust F2
holding BZFD Class A Common Stock 51.7K Apr 5, 2023 By The Benjamin Coleman 2000 Trust F3
holding BZFD Class A Common Stock 12.5K Apr 5, 2023 By The Coleman 2014 Family Trust F4
holding BZFD Class A Common Stock 13.1K Apr 5, 2023 By The Eloise Marie Coleman 2016 Trust F5
holding BZFD Class A Common Stock 51.7K Apr 5, 2023 By The Melissa Coleman 2000 Trust F6
holding BZFD Class A Common Stock 51.7K Apr 5, 2023 By The Stephen Coleman 2000 Trust F6

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 Award $0 +116K $0.00 116K Apr 5, 2023 Class A Common Stock 116K Direct F7, F8, F9
transaction BZFD Restricted Stock Units Options Exercise $0 -29K -25% $0.00 87.1K Apr 5, 2023 Class A Common Stock 29K Direct F7, F8, F9
* 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 Held by The Audrey Amelia Coleman 2014 Trust, of which Mr. Coleman's brother is the trustee. Mr. Coleman disclaims beneficial ownership of the shares held of record by The Audrey Amelia Coleman 2014 Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934 (as amended, the "Act") or for any other purpose.
F3 Held by The Benjamin Coleman 2000 Trust, of which Mr. Coleman's brother is the trustee. Mr. Coleman disclaims beneficial ownership of the shares held of record by The Benjamin Coleman 2000 Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 of the Act or for any other purpose.
F4 Held by The Coleman 2014 Family Trust, of which Mr. Coleman's brother is the trustee. Mr. Coleman disclaims beneficial ownership of the shares held of record by The Coleman 2014 Family Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 of the Act or for any other purpose.
F5 Held by The Eloise Marie Coleman 2016 Trust, of which Mr. Coleman's brother is the trustee. Mr. Coleman disclaims beneficial ownership of the shares held of record by The Eloise Marie Coleman 2016 Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 of the Act or for any other purpose.
F6 Held by The Melissa Coleman 2000 Trust, of which Mr. Coleman's brother is the trustee. Mr. Coleman disclaims beneficial ownership of the shares held of record by The Melissa Coleman 2000 Trust except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 of the Act or for any other purpose.
F7 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.
F8 1/4 of the award vested on the transaction date. The remaining 87,080 RSUs vests ratably as to 1/4 of the total award on the 3rd of each June, September, and December thereafter.
F9 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.

Remarks:

Exhibit 24 - Power of Attorney.