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

Role
CLO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo
Stock symbol
BZFD
Transactions as of
Nov 15, 2024
Transactions value $
$0
Form type
4
Date filed
11/19/2024, 05:43 PM
Previous 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 +328 +0.45% $0.00 73K Nov 15, 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +375 +0.51% $0.00 73.3K Nov 15, 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +25.1K +34.28% $0.00 98.5K Nov 15, 2024 Direct F1
transaction BZFD Class A Common Stock Tax liability $0 -10.4K -10.58% $0.00 88.1K Nov 15, 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 -328 -33.3% $0.00 657 Nov 15, 2024 Class A Common Stock 328 Direct F3, F4, F5
transaction BZFD Restricted Stock Units Options Exercise $0 -375 -50.07% $0.00 374 Nov 15, 2024 Class A Common Stock 375 Direct F3, F5, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -25.1K -12.5% $0.00 176K Nov 15, 2024 Class A Common Stock 25.1K Direct F3, F7, F8
* 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 November 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 328 RSUs vested on November 15, 2024. The remaining 657 RSUs vest as to 1/12 of the total award of 3,939 RSUs quarterly in equal installments on the 15th of each 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 November 15, 2024. The remaining 374 RSUs vest as to 1/12 of the total award of 4,497 RSUs quarterly in equal installments on the 15th of each February thereafter.
F7 25,142 RSUs settled on November 15, 2024. The remaining 176,010 RSUs vest as to 1/12 of the total award of 301,152 RSUs quarterly in equal installments on the 19th of each February, May, August, and November thereafter.
F8 Not applicable.