PATRICK J. KERINS - 03 Sep 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
03 Sep 2023
Transactions value $
$0
Form type
4
Filing time
05 Sep 2023, 19:48:38 UTC
Previous filing
06 Jun 2023
Next filing
05 Dec 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 +29,033 +17.62% $0 193,813 03 Sep 2023 Direct F1
holding BZFD Class A Common Stock 15,333,892 03 Sep 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 Units Options Exercise $0 -29,033 -50% $0 29,034 03 Sep 2023 Class A Common Stock 29,033 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A common stock reflect the settlement, on September 3, 2023, of restricted stock units ("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.
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 29,034 RSUs vest on December 3, 2023.
F5 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.