Adam Rothstein - Dec 1, 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Adam Rothstein
Stock symbol
BZFD
Transactions as of
Dec 1, 2023
Transactions value $
$0
Form type
4
Date filed
12/5/2023, 05:22 PM
Previous filing
Nov 20, 2023
Next filing
Feb 21, 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 +5.54K +0.32% $0.00 1.74M Dec 1, 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +27.8K +1.59% $0.00 1.77M Dec 1, 2023 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +29K +1.64% $0.00 1.8M Dec 3, 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 -5.54K -33.33% $0.00 11.1K Dec 1, 2023 Class A Common Stock 5.54K Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -27.8K -33.33% $0.00 55.6K Dec 1, 2023 Class A Common Stock 27.8K Direct F3, F5, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -29K -100% $0.00* 0 Dec 3, 2023 Class A Common Stock 29K Direct F3, F5, 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 December 1, 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 Issuer's Class A common stock on a 1-for-1 basis.
F2 These shares of Class A common stock reflect the settlement, on December 3, 2023, of RSUs granted to the Reporting Person pursuant to the 2021 Equity Incentive Plan, each of which was converted into a share of Issuer's Class A common stock on a 1-for-1 basis.
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 1/4 of the award vested on the December 1, 2023. The remaining 11,080 RSUs vests ratably as to 1/4 of the total award on the 1st of each March, and June thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 1/4 of the award vested on December 1, 2023. The remaining 55,561 RSUs vests ratably as to 1/4 of the total award on the 1st of each March and June thereafter.
F7 The remaining 29,034 RSUs vested on the transaction date.