Form 4 for BZFD BuzzFeed, Inc.
Accepted 2024-07-03 00:00:00 ET · period of report 2024-07-01 · accession 0001828972-24-000172 · 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 | 2024-07-03 | 2024-07-01 | BZFD | Rothstein Adam | Dir | M - OptEx | $0.00 | +76.9K | 674.0K | +13% | $0 |
| D | 2024-07-03 | 2024-07-01 | BZFD | Rothstein Adam | Dir | M - OptEx | $0.00 | -76.9K | 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 | 2024-07-01 | M | A | 76,911 | $0.00 | 673,967 | 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) 76,911 RSUs fully vested on July 1, 2024 and were settled in shares of the Issuer's common stock. |
| 2 | Derivative | Restricted Stock Units | 2024-07-01 | M | D | 76,911 | $0.00 | 0 | D | $0.00 · — to — | 76,911 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) The remaining 76,911 RSUs vested on the transaction date (and not on June 1, 2024, as erroneously previously reported on a Form 4 filed by the reporting person on May 1, 2024). (F5) These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |