Martin Marcela 4
4 · BuzzFeed, Inc. · Filed Aug 15, 2023
Insider Transaction Report
Form 4
BuzzFeed, Inc.BZFD
Martin Marcela
President
Transactions
- Exercise/Conversion
Class A Common Stock
2023-08-11+946,960→ 946,960 total - Tax Payment
Class A Common Stock
2023-08-11$0.52/sh−339,290$176,431→ 607,670 total - Exercise/Conversion
Restricted Stock Units
2023-08-11−946,960→ 1,893,949 total→ Class A Common Stock (946,960 underlying)
Footnotes (5)
- [F1]These shares of Class A common stock reflect the settlement, on August 11, 2023, of restricted stock units ("RSUs") granted to the reporting person pursuant to the 2021 Equity Incentive Plan on August 25, 2022, each of which was converted into a share of Issuer's Class A common stock on a 1-for-1 basis.
- [F2]Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the reporting person to which footnote (1) refers.
- [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]1/3rd of the total award vested on the transaction date. The remaining 1,893,949 RSUs vests as to 1/12th of the total award grant quarterly thereafter until fully vested.
- [F5]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.