David Arroyo - 15 Aug 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
CLO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo
Issuer symbol
BZFD
Transactions as of
15 Aug 2024
Net transactions value
$0
Form type
4
Filing time
16 Aug 2024, 20:29:01 UTC
Previous filing
23 May 2024
Next filing
19 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Options Exercise $0 +375 +0.52% $0.000000 72,592 15 Aug 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +329 +0.45% $0.000000 72,921 15 Aug 2024 Direct F1
transaction BZFD Class A Common Stock Tax liability $0 -285 -0.39% $0.000000 72,636 15 Aug 2024 Direct F2

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 -329 -25% $0.000000 985 15 Aug 2024 Class A Common Stock 329 Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -375 -33% $0.000000 749 15 Aug 2024 Class A Common Stock 375 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A common stock reflect the settlement, on August 15, 2024, of restricted stock units ("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.
F2 Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.
F3 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.
F4 329 RSUs vested on August 15, 2024. The remaining 985 RSUs vest as to 1/12 of the total award of 3,939 RSUs quarterly in equal installments on the 15th of each November, February, and May thereafter.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F6 375 RSUs vested on August 15, 2024. The remaining 749 RSUs vest as to 1/12 of the total award of 4,497 RSUs quarterly in equal installments on the 15th of each November and February thereafter.