David Arroyo - 07 Nov 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: CLO
Signature: /s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo
Issuer symbol: BZFD
Transactions as of: 07 Nov 2023
Net transactions value: -$364
Form type: 4
Filing time: 09 Nov 2023, 17:12:13 UTC
Previous filing: 15 Aug 2023
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
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+1,499	+3.6%	$0.000000	43,673	07 Nov 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+1,313	+3%	$0.000000	44,986	07 Nov 2023	Direct	F1
transaction	BZFD	Class A Common Stock	Tax liability	$364	-1,139	-2.5%	$0.3200	43,847	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	-1,499	-14%	$0.000000	8,994	07 Nov 2023	Class A Common Stock	1,499		Direct	F3, F4, F5
transaction	BZFD	Restricted Stock Units	Options Exercise	$0	-1,313	-12%	$0.000000	9,192	07 Nov 2023	Class A Common Stock	1,313		Direct	F3, F5, F6

* 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	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	Each restricted stock unit ("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	1,499 RSUs vested on August 15, 2023 and settled on November 7, 2023. The remaining 8,994 RSUs vests as to 1/8 of the total award quarterly in eight equal installments on the 15nd 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	1,313 RSUs vested on August 15, 2023 and settled on November 7, 2023. The remaining 9,192 RSUs vests as to 1/8 of the total award quarterly in eight equal installments on the 15nd of November, February, May and August thereafter.