Adam Rothstein - 05 Apr 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Adam Rothstein
Issuer symbol
BZFD
Transactions as of
05 Apr 2023
Net transactions value
$0
Form type
4
Filing time
06 Apr 2023, 18:53:48 UTC
Previous filing
01 Mar 2023
Next filing
25 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 +29,033 +1.8% $0.000000 1,644,844 05 Apr 2023 Direct F1

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 +116,133 $0.000000 116,133 05 Apr 2023 Class A Common Stock 116,133 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -29,033 -25% $0.000000 87,100 05 Apr 2023 Class A Common Stock 29,033 Direct F2, F3, F4
* 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 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 1/4 of the award vested on the transaction date. The remaining 87,100 RSUs vests ratably as to 1/4 of the total award on the 3rd of each June, September, and December thereafter.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.

Remarks:

Exhibit 24 - Power of Attorney.