Form 4 for BZFD BuzzFeed, Inc.
Accepted 2024-06-04 00:00:00 ET · period of report 2024-06-01 · accession 0001828972-24-000155 · 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 | 2024-06-04 | 2024-06-01 | BZFD | Rolle Janet L | Dir | M - OptEx | $0.00 | +19.2K | 111.9K | +21% | $0 |
| D | 2024-06-04 | 2024-06-01 | BZFD | Rolle Janet L | Dir | M - OptEx | $0.00 | -19.2K | 38.5K | -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 | 2024-06-01 | M | A | 19,228 | $0.00 | 111,901 | 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) 19,228 RSUs fully vested on June 1, 2024 and were settled in shares of the Issuer's common stock. |
| 2 | Derivative | Restricted Stock Units | 2024-06-01 | M | D | 19,228 | $0.00 | 38,456 | D | — · — to — | 19,228 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. (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) 19,228 RSUs of the award vested on the transaction date. The remaining 38,456 RSUs vests ratably as to 1/4 of the total award of 76,911 RSUs on the 1st of September, and December thereafter. (F5) These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |