Matthew Omer - Nov 6, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: CFO
Signature: /s/ Heather Flores-Ricks, Attorney-in-Fact for Matthew Omer
Stock symbol: BZFD
Transactions as of: Nov 6, 2023
Transactions value $: -$808
Form type: 4
Date filed: 11/8/2023, 09:35 PM
Next filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+1.15K	+1.93%	$0.00	60.5K	Nov 7, 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+3K	+4.96%	$0.00	63.5K	Nov 7, 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+3.15K	+4.97%	$0.00	66.6K	Nov 7, 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Tax liability	-$808	-2.52K	-3.79%	$0.32	64.1K	Nov 7, 2023	Direct	F2
holding	BZFD	Class A Common Stock						2.3K	Nov 6, 2023	By spouse	F3

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	+1.88M		$0.00	1.88M	Nov 6, 2023	Class A Common Stock	1.88M		Direct	F4, F5, F6
transaction	BZFD	Restricted Stock Units	Options Exercise	$0	-1.15K	-12.49%	$0.00	8.03K	Nov 7, 2023	Class A Common Stock	1.15K		Direct	F4, F6, F7
transaction	BZFD	Restricted Stock Units	Options Exercise	$0	-3K	-14.29%	$0.00	18K	Nov 7, 2023	Class A Common Stock	3K		Direct	F4, F6, F8
transaction	BZFD	Restricted Stock Units	Options Exercise	$0	-3.15K	-12.5%	$0.00	22.1K	Nov 7, 2023	Class A Common Stock	3.15K		Direct	F4, F6, F9

* 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 November 7, 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	Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.
F3	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.
F4	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.
F5	1/8 of the total award vests on January 1, 2024. The remainder vests ratably as to 1/8 of the total award quarterly on the 1st of each April, July, October and January thereafter.
F6	These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F7	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.
F8	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.
F9	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.