Matthew Omer - May 21, 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
CFO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Matthew Omer
Stock symbol
BZFD
Transactions as of
May 21, 2024
Transactions value $
$0
Form type
4
Date filed
5/23/2024, 07:42 PM
Previous filing
May 17, 2024
Next filing
Aug 16, 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 +6.67K +38.99% $0.00 23.8K May 21, 2024 Direct F1, F2
transaction BZFD Class A Common Stock Options Exercise $0 +117K +493.17% $0.00 141K May 21, 2024 Direct F1, F2
transaction BZFD Class A Common Stock Options Exercise $0 +574 +0.41% $0.00 142K May 21, 2024 Direct F1, F2
transaction BZFD Class A Common Stock Options Exercise $0 +1.5K +1.06% $0.00 143K May 21, 2024 Direct F1, F2
transaction BZFD Class A Common Stock Options Exercise $0 +1.58K +1.1% $0.00 145K May 21, 2024 Direct F1, F2
transaction BZFD Class A Common Stock Tax liability $0 -45.5K -31.47% $0.00 99.1K May 21, 2024 Direct F1, F3

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 -6.67K -33.33% $0.00 13.3K May 21, 2024 Class A Common Stock 6.67K Direct F1, F4, F5, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -117K -25% $0.00 352K May 21, 2024 Class A Common Stock 117K Direct F1, F4, F6, F7
transaction BZFD Restricted Stock Units Options Exercise $0 -574 -33.33% $0.00 1.15K May 21, 2024 Class A Common Stock 574 Direct F1, F4, F6, F8
transaction BZFD Restricted Stock Units Options Exercise $0 -1.5K -39.99% $0.00 2.25K May 21, 2024 Class A Common Stock 1.5K Direct F1, F4, F6, F9
transaction BZFD Restricted Stock Units Options Exercise $0 -1.58K -33.33% $0.00 3.15K May 21, 2024 Class A Common Stock 1.58K Direct F1, F4, F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 6, 2024, the Issuer effected a 1-for-4 reverse split of the Issuer's Class A common stock, resulting in a reduction in the number of shares held by the Reporting Person. In addition, proportionate adjustments have been made to the Reporting Person's outstanding equity awards, including the number of restricted stock units ("RSUs") reflected on this Form 4. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the 1-for-4 reverse stock split.
F2 These shares of Class A common stock reflect the settlement, on May 21, 2024, of 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.
F3 Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (2) refers.
F4 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.
F5 6,666 RSUs vested on May 19, 2024. The remaining 13,334 RSUs vests as to 1/12 of the total award of 20,000 RSUs quarterly in eight equal installments on the 19th of each August, November, February, and May thereafter.
F6 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F7 58,594 RSUs vested on each January 1, 2024 and April 1, 2024. The remaining 351,562 RSUs vest ratably as to 1/8 of the total award of 468,750 RSUs quarterly on the 1st of each July, October, January, and April thereafter.
F8 287 RSUs vested on each February 15, 2024 and May 15, 2024. The remaining 1,148 RSUs vest 1/16 of the total award of 4,592 RSUs on the 15th of each August, November, February, and May thereafter.
F9 750 RSUs vested on February 15, 2024 and 749 RSUs vested on May 15, 2024. The remaining 2,249 RSUs vest 1/12 of the total award of 8,993 RSUs on the 15th of August, November, and February thereafter.
F10 788 RSUs vested on each February 15, 2024 and May 15, 2024. The remaining 3,152 RSUs vest 1/12 of the total award of 9,454 RSUs on the 15th of each August, November, February, and May thereafter.