BuzzFeed (BZFD) Director Adam Rothstein Receives 30,381 Shares

What Happened

• Adam Rothstein, a director of BuzzFeed, had 30,381 restricted stock units (RSUs) fully vest on September 2, 2026 and those RSUs were settled into 30,381 shares of BuzzFeed Class A common stock. The Form 4 shows the conversion/exercise of a derivative (code M) with an acquisition price of $0.00 (no cash paid). The filing also lists a corresponding disposition of the derivative instrument (conversion) for the same amount.

Key Details

• Transaction date: 2026-09-02 (reported on Form 4 filed 2026-09-04)
• Reported price/value on Form 4: $0.00 per share (settlement of vested RSUs; market value at settlement not reported)
• Shares acquired: 30,381 shares via RSU settlement
• Shares disposed: 30,381 (derivative converted/settled) — this reflects conversion of the RSU, not a market sale
• Shares owned following the transaction: not specified in the provided filing details
• Footnotes: F1–F4 state these were RSUs that fully vested and were settled in shares; each RSU equals one contingent share subject to continued service; 1/4 of the total award (121,527 RSUs) vested on Sept 2, 2026 (30,381), with the remaining 91,146 RSUs vesting ratably as 1/4 of the total on the 2nd of each Dec, Mar, and Jun thereafter; the RSUs do not expire
• Timeliness: Filing appears timely (reporting period 9/2/2026; Form 4 filed 9/4/2026)

Context

• This was a routine equity compensation vesting/settlement (RSUs converted to shares), not an open-market purchase or sale. The Form 4’s $0.00 price reflects no exercise payment for the RSUs; it does not state the market value of the shares received. Such vesting is compensation-related and, by itself, does not necessarily signal the insider’s market view.