PATRICK J. KERINS - 05 Apr 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role: Director, 10%+ Owner
Signature: /s/ Louis Citron, attorney-in-fact
Issuer symbol: BZFD
Transactions as of: 05 Apr 2023
Transactions value $: $0
Form type: 4
Filing time: 06 Apr 2023, 19:25:55 UTC
Previous filing: 06 Dec 2022
Next filing: 06 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BZFD	Class A Common Stock	Options Exercise	$0	+29K	+27.21%	$0.00	136K	05 Apr 2023	Direct	F1
holding	BZFD	Class A Common Stock						15.3M	05 Apr 2023	See Note 2	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BZFD	Restricted Stock Unit	Award	$0	+116K		$0.00	116K	05 Apr 2023	Class A Common Stock	116K		Direct	F3, F4, F5
transaction	BZFD	Restricted Stock Units	Options Exercise	$0	-29K	-25%	$0.00	87.1K	05 Apr 2023	Class A Common Stock	29K		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person received restricted stock units ("RSUs") on April 5, 2023. Each RSU represented a contingent right to receive one share of the Issuer's common stock. 29,033 RSUs fully vested on April 5, 2023 and were settled in shares of the Issuer's common stock.
F2	The Reporting Person is a director of NEA 13 GP, LTD, which is the sole general partner of NEA Partners 13, L.P. ("NEA Partners 13"). NEA Partners 13 is the sole general partner of New Enterprise Associates 13, L.P. ("NEA 13"), which is the direct beneficial owner of the securities. The reporting person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 13 in which the reporting person has no pecuniary interest.
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.
F4	1/4 of the award vested on the transaction date. The remaining 87,100 RSUs vests ratably as to 1/4 of the total award on the 3rd of each June, September, and December thereafter.
F5	These RSUs do not expire; they either vest or are cancelled prior to the vesting date.