Janet Rolle - Feb 15, 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Heather Flores-Ricks as Attorney-in-fact for Janet Rolle
Stock symbol
BZFD
Transactions as of
Feb 15, 2024
Transactions value $
$0
Form type
4
Date filed
2/20/2024, 08:39 PM
Previous filing
Dec 5, 2023
Next filing
May 1, 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 +6.69K +2.39% $0.00 287K Feb 15, 2024 Direct F1

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 -6.69K -25% $0.00 20.1K Feb 15, 2024 Class A Common Stock 6.69K Direct F2, F3, F4
* 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 February 15, 2024, 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 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 1/16 of the award vested on February 15, 2024. The remaining 20,082 RSUs vest ratably as to 1/16 of the total award of 107,100 RSUs on the 15th of each May, August, and November thereafter.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.