Rothstein Adam 4

What Happened
Adam Rothstein, a director of BuzzFeed, had 101,338 restricted stock units (RSUs) fully vest on May 1, 2026 and those RSUs were settled into 101,338 shares of BuzzFeed common stock. The Form 4 reports an "exercise/conversion of derivative" (transaction code M) showing 101,338 shares acquired at $0.00 and the corresponding 101,338 RSU derivatives disposed at $0.00. This was not a cash purchase or sale of stock but a conversion/settlement of compensation awards into shares.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely within the two-business-day reporting window).
• Transaction type/code: M (exercise/conversion of derivative — RSU settlement).
• Shares acquired (settlement): 101,338 common shares at $0.00 per share.
• Derivative disposed: 101,338 RSUs (conversion/settlement of the derivative).
• Shares owned after transaction: not specified in the supplied filing summary.
• Relevant footnotes:
  • F1/F3: 101,338 RSUs fully vested on May 1, 2026 and were settled in shares.
  • F2: Each RSU converts to one share, subject to continued service.
  • F4: These RSUs do not expire; they vest or are cancelled prior to vesting.
• No tax-withholding sale or cashless exercise was reported in the provided details.

Context
This was a compensation-related settlement (RSU vesting converting to shares), not an open-market buy or sale. Such conversions reflect standard equity compensation being settled into stock and do not by themselves indicate a personal buy/sell decision. Transaction code M is commonly used when a derivative (like an RSU or option) is converted into underlying shares.