John S. Johnson III - May 31, 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Member of 10% Group
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for John S. Johnson, III
Stock symbol
BZFD
Transactions as of
May 31, 2024
Transactions value $
-$296,067
Form type
4
Date filed
6/4/2024, 06:41 PM
Previous filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Sale -$296K -104K -8.7% $2.85 1.09M May 31, 2024 By Johnson BF, LLC F1, F2, F3
holding BZFD Class A Common Stock 7.87K May 31, 2024 Direct F1
* 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 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 On May 31, 2024, the Reporting Person sold these shares in multiple trades at prices ranging from $2.76 to $2.93. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
F3 These shares are directly held by Johnson BF, LLC, of which John S. Johnson, III is the sole member.

Remarks:

John S. Johnson, III and Johnson BF, LLC (collectively, the "Johnson Parties") may be deemed to be members of a "group," within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 with Jonah Peretti and Jonah Peretti, LLC (together, "Peretti"). The Johnson Parties do not have any pecuniary interest in any shares beneficially owned by Peretti, and the Johnson Parties disclaim beneficial ownership of such shares.