Matthew Omer - 08 Mar 2024 Form 4 Insider Report for BuzzFeed, Inc. (BZFD)

Role
CFO
Signature
/s/ Heather Flores-Ricks, Attorney-in-Fact for Matthew Omer
Issuer symbol
BZFD
Transactions as of
08 Mar 2024
Net transactions value
-$957
Form type
4
Filing time
12 Mar 2024, 20:18:31 UTC
Previous filing
08 Nov 2023
Next filing
17 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BZFD Class A Common Stock Options Exercise $0 +1,148 +1.8% $0.000000 65,228 08 Mar 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +2,997 +4.6% $0.000000 68,225 08 Mar 2024 Direct F1
transaction BZFD Class A Common Stock Options Exercise $0 +3,151 +4.6% $0.000000 71,376 08 Mar 2024 Direct F1
transaction BZFD Class A Common Stock Tax liability $957 -2,992 -4.2% $0.3200 68,384 08 Mar 2024 Direct F2
holding BZFD Class A Common Stock 2,300 08 Mar 2024 By spouse F3

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 -1,148 -14% $0.000000 6,885 08 Mar 2024 Class A Common Stock 1,148 Direct F4, F5, F6
transaction BZFD Restricted Stock Units Options Exercise $0 -2,997 -17% $0.000000 14,989 08 Mar 2024 Class A Common Stock 2,997 Direct F4, F6, F7
transaction BZFD Restricted Stock Units Options Exercise $0 -3,151 -14% $0.000000 18,909 08 Mar 2024 Class A Common Stock 3,151 Direct F4, F6, F8
* 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 March 8, 2024, 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 Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.
F3 Held of record by Mr. Omer's spouse. Mr. Omer may be deemed to beneficially own all of the shares held of record by his spouse; however, Mr. Omer disclaims beneficial ownership of the shares held of record by his spouse except to the extent of his pecuniary interest therein.
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 1,148 Restricted Stock Units ("RSUs") vested on November 15, 2023 and settled on March 8, 2024. The remaining 6,885 RSUs vests ratably as to 1/16 of the total award on the 15nd of February, May, August, and November thereafter.
F6 These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
F7 2,997 RSUs vested on November 15, 2023 and settled on March 8, 2024. The remaining 14,989 RSUs vests ratably as to 1/12 of the total award on the 15nd of February, May, August, and November thereafter.
F8 3,151 RSUs vested on November 15, 2023 and settled on March 8, 2024. The remaining 18,909 RSUs vests ratably as to 1/12 of the total award on the 15nd of February, May, August, and November thereafter.