John S. Johnson III - 19 Jan 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Member of 10% Group
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for John S. Johnson, III
Issuer symbol
BZFD
Transactions as of
19 Jan 2024
Net transactions value
-$5,400
Form type
4
Filing time
24 Jan 2024, 17:00:58 UTC
Previous filing
22 Jan 2024
Next filing
01 Feb 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 Sale $5,400 -25,000 -0.51% $0.2160 4,830,779 19 Jan 2024 By Johnson BF, LLC F1, F2
holding BZFD Class A Common Stock 31,461 19 Jan 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 19, 2024, the Reporting Person sold these shares in multiple trades at prices ranging from $0.2075 to $0.2246. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
F2 These shares are directly held by Johnson BF, LLC, of which John S. Johnson, III is the sole member.

Remarks:

John S. Johnson, III and Johnson BF, LLC (collectively, the "Johnson Parties") may be deemed to be members of a "group," within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 with Jonah Peretti and Jonah Peretti, LLC (together, "Peretti"). The Johnson Parties do not have any pecuniary interest in any shares beneficially owned by Peretti, and the Johnson Parties disclaim beneficial ownership of such shares.