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BuzzFeed, Inc. — Director's Dealing 2024
May 23, 2024
34451_dirs_2024-05-23_cb818f1a-2fb4-4b9d-b209-3d24f2be8422.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: Omer Matthew (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-21 | Class A Common Stock | M | 6666 | — | Acquired | 23762 | Direct |
| 2024-05-21 | Class A Common Stock | M | 117188 | — | Acquired | 140950 | Direct |
| 2024-05-21 | Class A Common Stock | M | 574 | — | Acquired | 141524 | Direct |
| 2024-05-21 | Class A Common Stock | M | 1499 | — | Acquired | 143023 | Direct |
| 2024-05-21 | Class A Common Stock | M | 1576 | — | Acquired | 144599 | Direct |
| 2024-05-21 | Class A Common Stock | F | 45499 | — | Disposed | 99100 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-21 | Restricted Stock Units | $ | M | 6666 | Disposed | Class A Common Stock (6666) | Direct | |
| 2024-05-21 | Restricted Stock Units | $ | M | 117188 | Disposed | Class A Common Stock (117188) | Direct | |
| 2024-05-21 | Restricted Stock Units | $ | M | 574 | Disposed | Class A Common Stock (574) | Direct | |
| 2024-05-21 | Restricted Stock Units | $ | M | 1499 | Disposed | Class A Common Stock (1499) | Direct | |
| 2024-05-21 | Restricted Stock Units | $ | M | 1576 | Disposed | Class A Common Stock (1576) | 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: 6,666 RSUs vested on May 19, 2024. The remaining 13,334 RSUs vests as to 1/12 of the total award of 20,000 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.
F7: 58,594 RSUs vested on each January 1, 2024 and April 1, 2024. The remaining 351,562 RSUs vest ratably as to 1/8 of the total award of 468,750 RSUs quarterly on the 1st of each July, October, January, and April thereafter.
F8: 287 RSUs vested on each February 15, 2024 and May 15, 2024. The remaining 1,148 RSUs vest 1/16 of the total award of 4,592 RSUs on the 15th of each August, November, February, and May thereafter.
F9: 750 RSUs vested on February 15, 2024 and 749 RSUs vested on May 15, 2024. The remaining 2,249 RSUs vest 1/12 of the total award of 8,993 RSUs on the 15th of August, November, and February thereafter.
F10: 788 RSUs vested on each February 15, 2024 and May 15, 2024. The remaining 3,152 RSUs vest 1/12 of the total award of 9,454 RSUs on the 15th of each August, November, February, and May thereafter.