Marcela Martin - Aug 11, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
President
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Marcela Martin
Stock symbol
BZFD
Transactions as of
Aug 11, 2023
Transactions value $
-$176,431
Form type
4
Date filed
8/15/2023, 06:40 PM
Previous filing
Jun 20, 2023
Next filing
Oct 13, 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 +947K $0.00 947K Aug 11, 2023 Direct F1
transaction BZFD Class A Common Stock Tax liability -$176K -339K -35.83% $0.52 608K Aug 11, 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 -947K -33.33% $0.00 1.89M Aug 11, 2023 Class A Common Stock 947K Direct F3, F4, F5
* 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, on August 11, 2023, of restricted stock units ("RSUs") granted to the reporting person pursuant to the 2021 Equity Incentive Plan on August 25, 2022, each of which was converted 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 the RSUs previously awarded to the reporting person to which footnote (1) refers.
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 1/3rd of the total award vested on the transaction date. The remaining 1,893,949 RSUs vests as to 1/12th of the total award grant quarterly thereafter until fully vested.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.