Form 4 for BZFD BuzzFeed, Inc.
Accepted 2021-12-07 00:00:00 ET · period of report 2021-12-03 · accession 0001104659-21-147351 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-07 | 2021-12-03 | BZFD | 200 Park Avenue Partners, LLC | See remarks | A - Grant | $10.00 | +100.0K | 6.95M | +1% | +$1.00M |
| D | 2021-12-07 | 2021-12-03 | BZFD | 200 Park Avenue Partners, LLC | See remarks | M - OptEx | — | +6.20M | 6.85M | +942% | — |
| D | 2021-12-07 | 2021-12-03 | BZFD | 200 Park Avenue Partners, LLC | See remarks | A - Grant | $30.00 | +252.5K | 252.5K | New | +$7.58M |
| D | 2021-12-07 | 2021-12-03 | BZFD | 200 Park Avenue Partners, LLC | See remarks | M - OptEx | $0.00 | -6.20M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-12-03 | A | A | 100,000 | $10.00 | 6,952,540 | D | — | — | (F2) In connection with the consummation of the Business Combination, the issuer issued the securities described in this row to the reporting person, as its sponsor in the Business Combination, in satisfaction of a $1,000,000 working capital loan from the reporting person to the issuer. |
| 2 | Common | Class A Common Stock | 2021-12-03 | M | A | 6,195,040 | — | 6,852,540 | D | — | — | (F1) On the transaction date (the "Completion Date"), pursuant to the issuer's Amended and Restated Certificate of Incorporation, as amended, each share of the issuer's Class F Common Stock automatically converted into one share of the issuer's Class A Common Stock upon completion of the business combination (the "Business Combination") entered into by and among: (i) the issuer; (ii) wholly-owned subsidiaries of the issuer; and (iii) the company formerly known as Buzzfeed, Inc. |
| 3 | Derivative | Private Placement Warrants (right to buy) | 2021-12-03 | A | A | 252,500 | $30.00 | 252,500 | D | $11.50 · — to — | 252,500 Class A Common Stock | (F3) The private placement warrants were acquired from the issuer in connection with its initial public offering, the terms of which are described under the heading "Description of Securities" in the issuer's registration statement on Form S-1 (File No. 333-251650). Each private placement warrant is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share, subject to certain adjustments. The private placement warrants are reported as acquired for purposes of Section 16 of the Act concurrently with the completion of the Business Combination, because they did not become derivative securities until the Completion Date pursuant to their exercise terms. |
| 4 | Derivative | Class F Common Stock | 2021-12-03 | M | D | 6,195,040 | $0.00 | 0 | D | — · — to — | 6,195,040 Class A Common Stock | (F1) On the transaction date (the "Completion Date"), pursuant to the issuer's Amended and Restated Certificate of Incorporation, as amended, each share of the issuer's Class F Common Stock automatically converted into one share of the issuer's Class A Common Stock upon completion of the business combination (the "Business Combination") entered into by and among: (i) the issuer; (ii) wholly-owned subsidiaries of the issuer; and (iii) the company formerly known as Buzzfeed, Inc. |