David Arroyo - 08 Mar 2024 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
08 Mar 2024
Transactions value $
-$415
Form type
4
Filing time
12 Mar 2024, 20:18:17 UTC
Previous filing
09 Nov 2023
Next filing
17 May 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 +1.5K +3.42% $0.00 45.3K 08 Mar 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +1.31K +2.9% $0.00 46.7K 08 Mar 2024 Direct F1
transaction BZFD Class A Common Stock Tax liability -$415 -1.3K -2.78% $0.32 45.4K 08 Mar 2024 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 -1.5K -16.67% $0.00 7.5K 08 Mar 2024 Class A Common Stock 1.5K Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -1.31K -14.28% $0.00 7.88K 08 Mar 2024 Class A Common Stock 1.31K 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 March 8, 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 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 November 15, 2024 and settled on March 8, 2024. The remaining 7,495 RSUs vests as to 1/8 of the total award quarterly in eight equal installments on the 15nd of February, May, August, and November thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 1,313 RSUs vested on November 15, 2023 and settled on March 8, 2024. The remaining 7,879 RSUs vests as to 1/8 of the total award quarterly in eight equal installments on the 15nd of February, May, August, and November thereafter.