John S. Johnson III - Sep 11, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Member of 10% Group
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for John S. Johnson, III
Stock symbol
BZFD
Transactions as of
Sep 11, 2023
Transactions value $
-$46,320
Form type
4
Date filed
9/14/2023, 08:31 AM
Previous filing
Sep 8, 2023
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Sale -$33.3K -95.2K -1.87% $0.35 4.99M Sep 11, 2023 By Johnson BF, LLC F1, F2
transaction BZFD Class A Common Stock Sale -$13K -36.7K -0.74% $0.35 4.95M Sep 12, 2023 By Johnson BF, LLC F2, F3
holding BZFD Class A Common Stock 31.5K Sep 11, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 11, 2023, the Reporting Person sold these shares in multiple trades at prices ranging from $0.346 to $0.37. 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 September 12, 2023, the Reporting Person sold these shares in multiple trades at prices ranging from $0.35 to $0.3592. 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.