Adam Rothstein - Jun 1, 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
Jun 1, 2024
Transactions value $
$0
Form type
4
Date filed
6/4/2024, 06:42 PM
Previous filing
May 1, 2024
Next filing
Jun 11, 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 +26.9K +4.79% $0.00 589K Jun 1, 2024 Direct F1, F2
transaction BZFD Class A Common Stock Options Exercise $0 +6.95K +1.18% $0.00 596K Jun 1, 2024 Direct F1, F3
transaction BZFD Class A Common Stock Options Exercise $0 +1.39K +0.23% $0.00 597K Jun 1, 2024 Direct F1, F4

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 -26.9K -33.33% $0.00 53.8K Jun 1, 2024 Class A Common Stock 26.9K Direct F1, F5, F6, F7
transaction BZFD Restricted Stock Units Options Exercise $0 -6.95K -100% $0.00* 0 Jun 1, 2024 Class A Common Stock 6.95K Direct F1, F5, F7, F8
transaction BZFD Restricted Stock Units Options Exercise $0 -1.39K -100% $0.00* 0 Jun 1, 2024 Class A Common Stock 1.39K Direct F1, F5, F7, F9
* 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 26,919 RSUs fully vested on June 1, 2024 and were settled in shares of the Issuer's common stock.
F3 6,946 RSUs fully vested on June 1, 2024 and were settled in shares of the Issuer's common stock.
F4 1,385 RSUs fully vested on June 1, 2024 and were settled in shares of the Issuer's common stock.
F5 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.
F6 26,919 RSUs of the award vested on the transaction date. The remaining 53,838 RSUs vests ratably as to 1/4 of the total award of 107,675 RSUs on the 1st of September, and December thereafter.
F7 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F8 The remaining 6,946 RSUs vested on the transaction date.
F9 The remaining 1,385 RSUs vested on the transaction date.