Angela Acharia - Jun 1, 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
Director
Signature
/s/ Heather Flores-Ricks as Attorney-in-Fact for Angela Acharia
Stock symbol
BZFD
Transactions as of
Jun 1, 2024
Transactions value $
$0
Form type
4
Date filed
6/4/2024, 06:42 PM
Previous filing
May 1, 2024
Next filing
Sep 5, 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 +19.2K +27.77% $0.00 88.5K Jun 1, 2024 Direct F1, F2
holding BZFD Class A Common Stock 563 Jun 1, 2024 By A Series Investments, LLC 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 -19.2K -33.33% $0.00 38.5K Jun 1, 2024 Class A Common Stock 19.2K Direct F1, F4, F5, F6
* 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 19,228 RSUs fully vested on June 1, 2024 and were settled in shares of the Issuer's common stock.
F3 Held of record by A Series Investments, LLC. Ms. Acharia is the Founder and Chief Executive Officer of A Series Investments, LLC and therefore may be deemed to beneficially own all of the shares held of record thereby; however, Ms. Acharia disclaims beneficial ownership except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
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 19,228 RSUs vested on the transaction date. The remaining 38,456 RSUs vests ratably as to 1/4 of the total award of 76,911 RSUs on the 1st of September, and December thereafter.
F6 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.