Adam Rothstein - 11 Oct 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
11 Oct 2023
Net transactions value
$0
Form type
4
Filing time
13 Oct 2023, 18:04:25 UTC
Previous filing
05 Sep 2023
Next filing
20 Nov 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 +27,780 +1.6% $0.000000 1,736,229 11 Oct 2023 Direct F1

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 Award $0 +111,122 $0.000000 111,122 11 Oct 2023 Class A Common Stock 111,122 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -27,780 -25% $0.000000 83,342 11 Oct 2023 Class A Common Stock 27,780 Direct F2, F3, F4
* 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 October 11, 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 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.
F3 1/4 of the award vested on the transaction date. The remaining 83,342 RSUs vests ratably as to 1/4 of the total award on the 1st of each December, March and June thereafter.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.