Martin Marcela K. - 07 Nov 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
President
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Marcela Martin
Issuer symbol
BZFD
Transactions as of
07 Nov 2023
Net transactions value
-$38,720
Form type
4
Filing time
09 Nov 2023, 17:11:39 UTC
Previous filing
13 Oct 2023
Next filing
07 Jun 2024
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 +236,743 +39% $0.000000 844,413 07 Nov 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +125,000 +15% $0.000000 969,413 07 Nov 2023 Direct F1
transaction BZFD Class A Common Stock Tax liability $38,720 -121,000 -12% $0.3200 848,413 07 Nov 2023 Direct F2

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 Options Exercise $0 -236,743 -12% $0.000000 1,657,206 07 Nov 2023 Class A Common Stock 236,743 Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -125,000 -12% $0.000000 875,000 07 Nov 2023 Class A Common Stock 125,000 Direct F3, F6, F7
* 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 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.
F4 236,743 RSUs vested on November 1, 2023 and settled on November 7, 2023. The remaining 1,657,206 RSUs vest ratably as to 1/12th of the total award grant quarterly thereafter until fully vested.
F5 Not applicable.
F6 125,000 RSUs vested on November 1, 2023 and settled on November 7, 2023. The remaining 875,000 RSUs vest ratably as to 1/8th of the total award quarterly thereafter until fully vested.
F7 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.