4//SEC Filing
NBCUniversal Media, LLC 4
Accession 0000950103-22-000394
CIK 0001828972operating
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 6:13 PM ET
Size
11.2 KB
Accession
0000950103-22-000394
Insider Transaction Report
Form 4
BuzzFeed, Inc.BZFD
COMCAST CORP
10% Owner
Transactions
- Other
Convertible Rights
2021-12-03+1,200,000→ 1,200,000 total(indirect: By Subsidiary)→ Class A Common Stock (1,200,000 underlying)
NBCUniversal, LLC
10% Owner
Transactions
- Other
Convertible Rights
2021-12-03+1,200,000→ 1,200,000 total(indirect: By Subsidiary)→ Class A Common Stock (1,200,000 underlying)
NBCUniversal Media, LLC
10% Owner
Transactions
- Other
Convertible Rights
2021-12-03+1,200,000→ 1,200,000 total(indirect: By Subsidiary)→ Class A Common Stock (1,200,000 underlying)
Footnotes (3)
- [F1]Reflects 1,200,000 shares currently held in escrow pursuant to an Amended and Restated Escrow Agreement (the "Escrow Agreement") dated as of December 3, 2021 and entered into by and among: (i) PNC Bank, National Association; (ii) NBCUniversal Media, LLC ("NBCU"); (iii) Jonah Peretti; and (iv) Jonah Peretti, LLC.
- [F2]Pursuant to the terms of the Escrow Agreement, if the daily volume-weighted average price of one share of Class A Common Stock of the Issuer for the 15 consecutive trading days ending on the date that is one trading day immediately prior to the earlier of (x) a Parent Change of Control (as defined in the Escrow Agreement) and (y) December 3, 2023 is less than $12.50 per share, then the Escrow Agent (as defined in the Escrow Agreement) shall transfer to NBCU a number of shares of Class A Common Stock or Class B Common Stock ("Make-Whole Shares") up to a maximum of 1,200,00 shares, as determined in accordance with the Escrow Agreement (or, at the election of Jonah Peretti, LLC, in an equivalent cash amount). The Escrow Agreement expires on December 3, 2023.
- [F3]NBCUniversal Media, LLC is a wholly owned subsidiary of NBCUniversal, LLC; NBCUniversal, LLC is a wholly owned subsidiary of Comcast Corporation.
Documents
Issuer
BuzzFeed, Inc.
CIK 0001828972
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000902739
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 6:13 PM ET
- Size
- 11.2 KB