Form 4 for BZFD BuzzFeed, Inc.
Accepted 2024-05-23 00:00:00 ET · period of report 2024-05-21 · accession 0001828972-24-000140 · 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 | 2024-05-23 | 2024-05-21 | BZFD | Weinstein Daniel | CAO | F - Tax | $0.00 | -5,409 | 9,590 | -36% | $0 |
| D | 2024-05-23 | 2024-05-21 | BZFD | Weinstein Daniel | CAO | M - OptEx | $0.00 | +15.0K | 15.0K | New | $0 |
| D | 2024-05-23 | 2024-05-21 | BZFD | Weinstein Daniel | CAO | M - OptEx | $0.00 | -15.0K | 30.0K | -33% | $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 | 2024-05-21 | F | D | 5,409 | $0.00 | 9,590 | D | — | — | (F1) On May 6, 2024, the Issuer effected a 1-for-4 reverse split of the Issuer's Class A common stock, resulting in a reduction in the number of shares held by the Reporting Person. In addition, proportionate adjustments have been made to the Reporting Person's outstanding equity awards, including the number of restricted stock units ("RSUs") reflected on this Form 4. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the 1-for-4 reverse stock split. (F3) Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (2) refers. |
| 2 | Common | Class A Common Stock | 2024-05-21 | M | A | 14,999 | $0.00 | 14,999 | D | — | — | (F1) On May 6, 2024, the Issuer effected a 1-for-4 reverse split of the Issuer's Class A common stock, resulting in a reduction in the number of shares held by the Reporting Person. In addition, proportionate adjustments have been made to the Reporting Person's outstanding equity awards, including the number of restricted stock units ("RSUs") reflected on this Form 4. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the 1-for-4 reverse stock split. (F2) These shares of Class A common stock reflect the settlement, on May 21, 2024, of 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 | Derivative | Restricted Stock Units | 2024-05-21 | M | D | 14,999 | $0.00 | 30,001 | D | — · — to — | 14,999 Class A Common Stock | (F1) On May 6, 2024, the Issuer effected a 1-for-4 reverse split of the Issuer's Class A common stock, resulting in a reduction in the number of shares held by the Reporting Person. In addition, proportionate adjustments have been made to the Reporting Person's outstanding equity awards, including the number of restricted stock units ("RSUs") reflected on this Form 4. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the 1-for-4 reverse stock split. (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) 14,999 RSUs settled on May 21, 2024. The remaining 30,001 RSU vest as to 1/12 of the total award of 45,000 RSUs quarterly in eight equal installments on the 19th of each August, November, February, and May thereafter. (F6) These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |