Adam Rothstein - 01 Sep 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
01 Sep 2023
Net transactions value
$0
Form type
4
Filing time
05 Sep 2023, 18:09:19 UTC
Previous filing
21 Aug 2023
Next filing
13 Oct 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 +5,539 +0.33% $0.000000 1,679,416 01 Sep 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +29,033 +1.7% $0.000000 1,708,449 03 Sep 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 -5,539 -25% $0.000000 16,620 01 Sep 2023 Class A Common Stock 5,539 Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -29,033 -50% $0.000000 29,034 03 Sep 2023 Class A Common Stock 29,033 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adam Rothstein is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These shares of Class A common stock reflect the settlement, on September 1, 2023, of restricted stock units ("RSUs") granted to the Reporting Person pursuant to the 2021 Equity Incentive Plan, each of which was converted into a share of the Issuer's Class A common stock on a 1-for-1 basis.
F2 These shares of Class A common stock reflect the settlement, on September 3, 2023, of RSUs granted to the Reporting Person pursuant to the 2021 Equity Incentive Plan, each of which was converted into a share of Issuer's Class A common stock on a 1-for-1 basis.
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 1/4 of the award vested on the transaction date. The remaining 16,620 RSUs vest ratably as to 1/4 of the total award on the 1st of December, March and June thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 1/4 of the award vested on the transaction date. The remaining 29,034 RSUs vest on December 3, 2023.