Form 4 for BZFD BuzzFeed, Inc.
Accepted 2023-11-09 00:00:00 ET · period of report 2023-11-07 · accession 0001828972-23-000198 · 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 | 2023-11-09 | 2023-11-07 | BZFD | Martin Marcela | Pres | M - OptEx | $0.00 | +361.7K | 969.4K | +60% | $0 |
| D | 2023-11-09 | 2023-11-07 | BZFD | Martin Marcela | Pres | F - Tax | $0.32 | -121.0K | 848.4K | -12% | -$38.7K |
| DM | 2023-11-09 | 2023-11-07 | BZFD | Martin Marcela | Pres | M - OptEx | $0.00 | -361.7K | 875.0K | -29% | $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 | 2023-11-07 | M | A | 236,743 | $0.00 | 844,413 | D | — | — | (F1) These shares of Class A common stock reflect the settlement, on November 7, 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. |
| 2 | Common | Class A Common Stock | 2023-11-07 | M | A | 125,000 | $0.00 | 969,413 | D | — | — | (F1) These shares of Class A common stock reflect the settlement, on November 7, 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. |
| 3 | Common | Class A Common Stock | 2023-11-07 | F | D | 121,000 | $0.32 | 848,413 | 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 | Derivative | Restricted Stock Units | 2023-11-07 | M | D | 236,743 | $0.00 | 1,657,206 | D | — · — to — | 236,743 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) 236,743 RSUs vested on November 1, 2023 and settled on November 7, 2023. The remaining 1,657,206 RSUs vest ratably as to 1/12th of the total award grant quarterly thereafter until fully vested. (F5) Not applicable. |
| 5 | Derivative | Restricted Stock Units | 2023-11-07 | M | D | 125,000 | $0.00 | 875,000 | D | — · — to — | 125,000 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) 125,000 RSUs vested on November 1, 2023 and settled on November 7, 2023. The remaining 875,000 RSUs vest ratably as to 1/8th of the total award quarterly thereafter until fully vested. (F7) These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |