Matthew Omer - 06 Nov 2023 Form 3 Insider Report for BuzzFeed, Inc. (BZFD)

Role
CFO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Matthew Omer
Issuer symbol
BZFD
Transactions as of
06 Nov 2023
Net transactions value
$0
Form type
3
Filing time
08 Nov 2023, 21:34:12 UTC
Next filing
12 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BZFD Class A Common Stock 59,308 06 Nov 2023 Direct
holding BZFD Class A Common Stock 2,300 06 Nov 2023 By spouse 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
holding BZFD Stock Option (Right to Buy) 06 Nov 2023 Class A Common Stock 15,300 $8.34 Direct F2, F3
holding BZFD Restricted Stock Units 06 Nov 2023 Class A Common Stock 9,180 Direct F4, F5, F6
holding BZFD Restricted Stock Units 06 Nov 2023 Class A Common Stock 20,984 Direct F5, F6, F7
holding BZFD Restricted Stock Units 06 Nov 2023 Class A Common Stock 25,211 Direct F5, F6, F8
holding BZFD Restricted Stock Units 06 Nov 2023 Class A Common Stock 80,000 Direct F5, F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held of record by Mr. Omer's spouse. Mr. Omer may be deemed to beneficially own all of the shares held of record by his spouse; however, Mr. Omer disclaims beneficial ownership of the shares held of record by his spouse except to the extent of his pecuniary interest therein.
F2 Represents stock options of the Issuer received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of June 24, 2021 (the "Merger Agreement") among (i) the Issuer, (ii) wholly-owned subsidiaries of the Issuer and (iii) the company formerly known as Buzzfeed, Inc. ("Original BuzzFeed"). At the Effective Time (as defined in the Merger Agreement), the Reporting Person's stock options previously awarded by Original BuzzFeed for shares of its Class A Common Stock were exchanged for substitute option awards, of an equivalent economic value, which vest and become exercisable for shares of the Issuer's Class A Common Stock.
F3 This award was fully vested as of October 21, 2023.
F4 1,147 Restricted Stock Units ("RSUs") vested on August 15, 2023 and settled on November 7, 2023. The remaining 8,033 RSUs vests ratably as to 1/16 of the total award on the 15th of November, February, May and August thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 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.
F7 2,998 RSUs vested on August 15, 2023 and settled on November 7 2023. The remaining 17,986 RSUs vests ratably as to 1/12 of the total award on the 15th of November, February, May and August thereafter.
F8 3,151 RSUs vested on August 15, 2023 and settled on November 7 2023. The remaining 22,060 RSUs vests ratably as to 1/12 of the total award on the 15th of November, February, May and August thereafter.
F9 1/3 of the total award vests on May 19, 2024. The remainder vests as to 1/12 of the total award quarterly in eight equal installments on the 19th of August, November, February, and May thereafter.

Remarks:

Exhibit 24 - Power of Attorney.