Adam Rothstein - Apr 29, 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
Apr 29, 2024
Transactions value $
$0
Form type
4
Date filed
5/1/2024, 06:00 PM
Previous filing
Mar 5, 2024
Next filing
Jun 4, 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 +415K +22.67% $0.00 2.25M Apr 29, 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 Award $0 +431K $0.00 431K Apr 29, 2024 Class A Common Stock 431K $0.00 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Award $0 +615K $0.00 615K Apr 29, 2024 Class A Common Stock 615K $0.00 Direct F2, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -108K -25% $0.00 323K Apr 29, 2024 Class A Common Stock 108K $0.00 Direct F2, F3, F4
transaction BZFD Restricted Stock Units Options Exercise $0 -308K -50% $0.00 308K Apr 29, 2024 Class A Common Stock 308K $0.00 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received restricted stock units ("RSUs") on April 29, 2024. Each RSU represented a contingent right to receive one share of the Issuer's common stock. 415,318 RSUs fully vested on April 29, 2024 and were settled in shares of the Issuer's common stock.
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 award vested on the transaction date. The remaining 323,025 RSUs vests ratably as to 1/4 of the total award on the 1st of each June, September, and December thereafter.
F4 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F5 1/2 of the award vested on the transaction date. The remaining 307,643 RSUs vest on the 1st of June.