Form 4 for BZFD BuzzFeed, Inc.
Accepted 2023-08-15 00:00:00 ET · period of report 2023-08-11 · accession 0001828972-23-000146 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-15 | 2023-08-11 | BZFD | Arroyo David | CLO | M - OptEx | $0.00 | +6,749 | 44.9K | +18% | $0 |
| DM | 2023-08-15 | 2023-08-11 | BZFD | Arroyo David | CLO | F - Tax | $0.52 | -2,721 | 42.8K | -6% | -$1,415 |
| DM | 2023-08-15 | 2023-08-11 | BZFD | Arroyo David | CLO | M - OptEx | $0.00 | -6,749 | 10.5K | -39% | $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 | 2023-08-11 | M | A | 5,251 | $0.00 | 43,397 | D | — | — | (F1) These shares of Class A common stock reflect the settlement, on August 11, 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 Issuer's Class A common stock on a 1-for-1 basis. |
| 2 | Common | Class A Common Stock | 2023-08-11 | F | D | 604 | $0.52 | 42,174 | D | — | — | (F2) Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the reporting person to which footnote (1) refers. |
| 3 | Common | Class A Common Stock | 2023-08-11 | F | D | 2,117 | $0.52 | 42,778 | D | — | — | (F2) Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the reporting person to which footnote (1) refers. |
| 4 | Common | Class A Common Stock | 2023-08-11 | M | A | 1,498 | $0.00 | 44,895 | D | — | — | (F1) These shares of Class A common stock reflect the settlement, on August 11, 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 Issuer's Class A common stock on a 1-for-1 basis. |
| 5 | Derivative | Restricted Stock Units | 2023-08-11 | M | D | 1,498 | $0.00 | 10,493 | D | — · — to — | 1,498 Class A Common Stock | (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. (F6) 1/8 of the total award vested on the transaction date. The remaining 10,493 RSUs vests as to 1/12 of the total award quarterly in equal installments on the 15th of November, February, May and August thereafter. (F5) These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |
| 6 | Derivative | Restricted Stock Units | 2023-08-11 | M | D | 5,251 | $0.00 | 10,505 | D | — · — to — | 5,251 Class A Common Stock | (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) 1/3 of the total award vested on the transaction date. The remaining 10,505 RSUs vests as to 1/12 of the total award quarterly in eight equal installments on the 15th of August, November, February, and May thereafter. (F5) These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |