John S. Johnson III - 29 Aug 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Signature
/s/ John S. Johnson, III
Issuer symbol
BZFD
Transactions as of
29 Aug 2023
Net transactions value
-$132,139
Form type
4
Filing time
06 Sep 2023, 18:28:41 UTC
Previous filing
22 Aug 2022
Next filing
08 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Sale $47,163 -114,030 -2.1% $0.4136 5,436,923 29 Aug 2023 By Johnson BF, LLC F1, F2
transaction BZFD Class A Common Stock Sale $39,721 -96,857 -1.8% $0.4101 5,340,066 30 Aug 2023 By Johnson BF, LLC F2, F3
transaction BZFD Class A Common Stock Sale $29,844 -74,480 -1.4% $0.4007 5,265,586 31 Aug 2023 By Johnson BF, LLC F2, F4
transaction BZFD Class A Common Stock Sale $15,411 -39,006 -0.74% $0.3951 5,226,580 01 Sep 2023 By Johnson BF, LLC F2, F5
holding BZFD Class A Common Stock 31,461 29 Aug 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 29, 2023, the Reporting Person sold these shares in multiple trades at prices ranging from $0.4088 to $0.4307. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
F2 These shares are directly held by Johnson BF, LLC, of which John S. Johnson, III is the sole member.
F3 On August 30, 2023, the Reporting Person sold these shares in multiple trades at prices ranging from $0.4078 to $0.414. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
F4 On August 31, 2023, the Reporting Person sold these shares in multiple trades at prices ranging from $0.39 to $0.4144. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
F5 On September 1, 2023, the Reporting Person sold these shares in multiple trades at prices ranging from $0.391 to $0.404. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.

Remarks:

John S. Johnson, III and Johnson BF, LLC (collectively, the "Johnson Parties") may be deemed to be members of a "group," within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 with Jonah Peretti and Jonah Peretti, LLC (together, "Peretti"). The Johnson Parties do not have any pecuniary interest in any shares beneficially owned by Peretti, and the Johnson Parties disclaim beneficial ownership of such shares.