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BuzzFeed, Inc. — Director's Dealing 2024
May 23, 2024
34451_dirs_2024-05-23_f0eddb30-d6dd-4b95-8f8b-d4b01fbb4827.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: 2024-05-21
Reporting Person: Weinstein Daniel (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-21 | Class A Common Stock | M | 14999 | — | Acquired | 14999 | Direct |
| 2024-05-21 | Class A Common Stock | F | 5409 | — | Disposed | 9590 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-21 | Restricted Stock Units | $ | M | 14999 | Disposed | Class A Common Stock (14999) | 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: These shares of Class A common stock reflect the settlement, on May 21, 2024, of 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.
F3: Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (2) refers.
F4: 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.
F5: 14,999 RSUs settled on May 21, 2024. The remaining 30,001 RSU vest as to 1/12 of the total award of 45,000 RSUs quarterly in eight equal installments on the 19th of each August, November, February, and May thereafter.
F6: These RSUs do not expire; they either vest or are cancelled prior to the vesting date.