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

Role
CLO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo
Stock symbol
BZFD
Transactions as of
May 12, 2023
Transactions value $
-$2,929
Form type
4
Date filed
5/16/2023, 09:03 PM
Previous filing
Jan 12, 2023
Next filing
May 23, 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 +7.46K +24.77% $0.00 37.6K May 12, 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +5.99K +15.95% $0.00 43.6K May 12, 2023 Direct F1
transaction BZFD Class A Common Stock Tax liability -$1.62K -3.01K -6.9% $0.54 40.6K May 12, 2023 Direct F2
transaction BZFD Class A Common Stock Tax liability -$1.31K -2.42K -5.96% $0.54 38.1K May 12, 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 -7.46K -100% $0.00* 0 May 12, 2023 Class A Common Stock 7.46K Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -5.99K -33.33% $0.00 12K May 12, 2023 Class A Common Stock 5.99K Direct F3, F5, F6
* 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 Class A common stock, subject to the Reporting Person's continued status as a service provider to the Issuer.
F4 This award is fully vested.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 1/8 of the total award vested on the transaction date. The remaining 11,991 RSUs vests as to 1/8 of the total award quarterly in eight equal installments on the 15th of August and November thereafter. The vesting schedule reported here was incorrectly reported previously and has been corrected to reflect the correct vesting schedule.