BuzzFeed, Inc. — Director's Dealing 2021

Dec 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BuzzFeed, Inc. (BZFD)
CIK: 0001828972
Period of Report: 2021-12-03

Reporting Person: AMBLE JOAN LORDI (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-03	Class A Common Stock	M	1689	$0.00	Acquired	1689	Direct
2021-12-03	Class A Common Stock	M	1351	$0.00	Acquired	3040	Direct
2021-12-03	Class A Common Stock	M	945	$0.00	Acquired	3985	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-03	Restricted Stock Units	$	A	27031	Acquired		Class A Common Stock (27031)	Direct
2021-12-03	Restricted Stock Units	$	M	1689	Disposed		Class A Common Stock (1689)	Direct
2021-12-03	Restricted Stock Units	$	A	5406	Acquired		Class A Common Stock (5406)	Direct
2021-12-03	Restricted Stock Units	$	M	1351	Disposed		Class A Common Stock (1351)	Direct
2021-12-03	Restricted Stock Units	$	A	3784	Acquired		Class A Common Stock (3784)	Direct
2021-12-03	Restricted Stock Units	$	M	945	Disposed		Class A Common Stock (945)	Direct
2021-12-03	Restricted Stock Units	$	A	18922	Acquired		Class A Common Stock (18922)	Direct

Footnotes

F1: Each restricted stock unit 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.

F2: Represents restricted stock units of the issuer received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of June 24, 2021 (the "Merger Agreement") among: (i) the issuer; (ii) wholly-owned subsidiaries of the issuer; and (iii) the company formerly known as Buzzfeed, Inc. ("Original BuzzFeed"). At the Effective Time (as defined in the Merger Agreement), the reporting person's restricted stock units previously awarded by Original BuzzFeed for shares of its Class A Common Stock were exchanged for substitute restricted stock unit awards, of an equivalent economic value, which vest for shares of the issuer's Class A Common Stock.

F3: 1/16 of this award vests on the transaction date. The remainder vests as to 1/16 of the total award on the 15th of each February, May, August, and November thereafter.

F4: These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.

F5: Represents the vesting of 1/16 of the restricted stock units granted to the reporting person on the transaction date. The remainder of the award vests as to 1/16 of the total award on the 15th of each February, May, August, and November thereafter.

F6: 1/4 of this award vests on the transaction date. The remainder vests as to 1/4 of the total award on the 18th of February, May, and August, 2022.

F7: Represents the vesting of 1/4 of the restricted stock units granted to the reporting person on the transaction date. The remainder of the award vests as to 1/4 of the total award on the 18th of February, May, and August, 2022.

F8: 100% of the award vests on the date of the issuer's 2022 annual meeting of its stockholders, provided the issuer is a publicly traded company on that date.