Martin Marcela K. - 07 Nov 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
09 Nov 2023, 17:11:39 UTC
Prior SEC filing
13 Oct 2023
Next SEC filing
07 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Marcela Martin

Key filing fact

Martin Marcela K. filed Form 4 for BuzzFeed, Inc. (BZFD) on 09 Nov 2023.

Key facts

  • This page summarizes Martin Marcela K.'s Form 4 filing for BuzzFeed, Inc. (BZFD).
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 09 Nov 2023, 17:11.

Change

  • Previous filing in this sequence was filed on 13 Oct 2023.
  • Current net transaction value: -$38,720.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BZFD transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+236,743
Change %
+39%
Price
$0.000000
Shares after
844,413
Date
07 Nov 2023
Ownership
Direct
Footnotes
F1
BZFD transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+125,000
Change %
+15%
Price
$0.000000
Shares after
969,413
Date
07 Nov 2023
Ownership
Direct
Footnotes
F1
BZFD transaction

Class A Common Stock

Tax liability

Transaction value
$38,720
Shares
-121,000
Change %
-12%
Price
$0.3200
Shares after
848,413
Date
07 Nov 2023
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BZFD transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-236,743
Change %
-12%
Price
$0.000000
Shares after
1,657,206
Date
07 Nov 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
236,743
Exercise price
Footnotes
F3, F4, F5
BZFD transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-125,000
Change %
-12%
Price
$0.000000
Shares after
875,000
Date
07 Nov 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
125,000
Exercise price
Footnotes
F3, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

These shares of Class A common stock reflect the settlement, on November 7, 2023, 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.

Footnote F2

Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.

Footnote 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.

Footnote F4

236,743 RSUs vested on November 1, 2023 and settled on November 7, 2023. The remaining 1,657,206 RSUs vest ratably as to 1/12th of the total award grant quarterly thereafter until fully vested.

Footnote F5

Not applicable.

Footnote F6

125,000 RSUs vested on November 1, 2023 and settled on November 7, 2023. The remaining 875,000 RSUs vest ratably as to 1/8th of the total award quarterly thereafter until fully vested.

Footnote F7

These RSUs do not expire; they either vest or are cancelled prior to the vesting date.

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