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BuzzFeed, Inc. — Director's Dealing 2024
Jun 4, 2024
34451_dirs_2024-06-04_14dcc060-4310-4812-a7ee-fb3f9b0a5cd5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BuzzFeed, Inc. (BZFD)
CIK: 0001828972
Period of Report: 2024-06-01
Reporting Person: Rothstein Adam (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-01 | Class A Common Stock | M | 26919 | — | Acquired | 588725 | Direct |
| 2024-06-01 | Class A Common Stock | M | 6946 | — | Acquired | 595671 | Direct |
| 2024-06-01 | Class A Common Stock | M | 1385 | — | Acquired | 597056 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-01 | Restricted Stock Units | $ | M | 26919 | Disposed | Class A Common Stock (26919) | Direct | |
| 2024-06-01 | Restricted Stock Units | $ | M | 6946 | Disposed | Class A Common Stock (6946) | Direct | |
| 2024-06-01 | Restricted Stock Units | $ | M | 1385 | Disposed | Class A Common Stock (1385) | Direct |
Footnotes
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.