Angela Acharia - Sep 3, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: Director
Signature: /s/ Heather Flores-Ricks as Attorney-in-Fact for Angela Acharia
Stock symbol: BZFD
Transactions as of: Sep 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/5/2023, 06:09 PM
Previous filing: Jun 6, 2023
Next filing: Dec 5, 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	+29K	+20.45%	$0.00	171K	Sep 3, 2023	Direct	F1
holding	BZFD	Class A Common Stock						2.25K	Sep 3, 2023	By A Series Investments, LLC	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	-29K	-50%	$0.00	29K	Sep 3, 2023	Class A Common Stock	29K		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 September 3, 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	Held of record by A Series Investments, LLC. Ms. Acharia is the Founder and Chief Executive Officer of A Series Investments, LLC and therefore may be deemed to beneficially own all of the shares held of record thereby; however, Ms. Acharia disclaims beneficial ownership except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
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 29,034 RSUs vest on December 3, 2023.
F5	These RSUs do not expire; they either vest or are cancelled prior to the vesting date.