Felicia DellaFortuna - 12 May 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
CFO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Felicia DellaFortuna
Issuer symbol
BZFD
Transactions as of
12 May 2023
Net transactions value
-$24,472
Form type
4
Filing time
16 May 2023, 21:01:56 UTC
Previous filing
08 Mar 2023
Next filing
23 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 +71,941 +47% $0.000000 226,465 12 May 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +2,041 +0.9% $0.000000 228,506 12 May 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +61,200 +27% $0.000000 289,706 12 May 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +956 +0.33% $0.000000 290,662 12 May 2023 Direct F1
transaction BZFD Class A Common Stock Tax liability $127 -235 -0.08% $0.5400 290,427 12 May 2023 Direct F2
transaction BZFD Class A Common Stock Tax liability $270 -500 -0.17% $0.5400 289,927 12 May 2023 Direct F2
transaction BZFD Class A Common Stock Tax liability $10,791 -19,984 -6.9% $0.5400 269,943 12 May 2023 Direct F2
transaction BZFD Class A Common Stock Tax liability $13,284 -24,600 -9.1% $0.5400 245,343 12 May 2023 Direct F2

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 -71,941 -33% $0.000000 143,886 12 May 2023 Class A Common Stock 71,941 Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -2,041 -100% $0.000000* 0 12 May 2023 Class A Common Stock 2,041 Direct F3, F5, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -61,200 -40% $0.000000 91,800 12 May 2023 Class A Common Stock 61,200 Direct F3, F5, F7
transaction BZFD Restricted Stock Units Options Exercise $0 -956 -83% $0.000000 192 12 May 2023 Class A Common Stock 956 Direct F3, F5, F8
* 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 May 12, 2023. Each RSU is convertible into a share of Issuer's Class A common stock on a 1-for-1 basis.
F2 Shares withheld to pay taxes applicable to the settlement of RSUs previously awarded pursuant to the 2021 Equity Incentive Plan.
F3 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.
F4 1/8 of the total award vested on the transaction date. The remaining 143,886 RSUs service-vests as to 1/8 of the total award quarterly in eight equal installments on the 15th of August, November, February, and May thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 The RSUs service-vest on the following schedule: (a) 25% vested on April 11, 2020, and (b) the remaining 75% vests in 36 equal installments each monthly anniversary thereafter.
F7 The RSUs service-vest on the following schedule: (a) one-third vested on January 1, 2022 and (b) the remaining two-thirds vest in eight equal installments on each quarterly anniversary thereafter.
F8 The RSUs service-vest on the following schedule: (a) 25% vested on August 1, 2020, and (b) the remaining 75% vests in 36 equal installments each monthly anniversary thereafter.

Remarks:

Exhibit 24 - Power of Attorney.