Martin Marcela - 11 Oct 2023 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
President
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Marcela Martin
Issuer symbol
BZFD
Transactions as of
11 Oct 2023
Net transactions value
$0
Form type
4
Filing time
13 Oct 2023, 18:03:09 UTC
Previous filing
15 Aug 2023
Next filing
09 Nov 2023
SEC
View on sec.gov

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 Award $0 +1,000,000 $0.000000 1,000,000 11 Oct 2023 Class A Common Stock 1,000,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("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.
F2 1/8th of the RSU grant will vest on November 1, 2023 and an additional 1/8th of the total award grant will vest quarterly thereafter until fully vested, in each case subject to continuing employment on the applicable vesting dates.
F3 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.