Adam Rothstein - Mar 1, 2024 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
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 08:38 PM
Previous filing
Feb 21, 2024
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 +27.8K +1.54% $0.00 1.83M Mar 1, 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +5.54K +0.3% $0.00 1.83M Mar 1, 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 -5.54K -50% $0.00 5.54K Mar 1, 2024 Class A Common Stock 5.54K Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -27.8K -50% $0.00 27.8K Mar 1, 2024 Class A Common Stock 27.8K Direct F2, F4, F5
* 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 March 1, 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 1/4 of the total award of 22,159 RSUs award vested on the March 1, 2024. The remaining 5,540 RSUs vests on the 1st of June.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F5 1/4 of the total award of 111,122 RSUs vested on March 1, 2024. The remaining 27,781 RSUs vests on the 1st of June.