Janet L. Rolle - 15 May 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Heather Flores-Ricks as Attorney-in-fact for Janet Rolle
Issuer symbol
BZFD
Transactions as of
15 May 2023
Net transactions value
$0
Form type
4
Filing time
17 May 2023, 18:42:43 UTC
Previous filing
06 Apr 2023
Next filing
22 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 +6,694 +3.9% $0.000000 179,902 15 May 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 Options Exercise $0 -6,694 -14% $0.000000 40,163 15 May 2023 Class A Common Stock 6,694 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 vesting of restricted stock units ("RSUs") on May 15, 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 1/16 of the award vested on May 15, 2023. The remaining 40,163 RSUs vests ratably as to 1/16 of the total award on the 15th of each August, November, February, and May thereafter.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.