4//SEC Filing
Peretti Jonah 4
Accession 0001828972-23-000220
CIK 0001828972other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 4:59 PM ET
Size
19.3 KB
Accession
0001828972-23-000220
Insider Transaction Report
Form 4
BuzzFeed, Inc.BZFD
Peretti Jonah
DirectorChief Executive Officer10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2023-12-04−1,200,000→ 5,237,416 total(indirect: By LLC)→ Class A Common Stock (1,200,000 underlying) - Conversion
Class B Common Stock
2023-12-04−1,200,000→ 4,037,416 total(indirect: By LLC)→ Class A Common Stock (1,200,000 underlying)
Jonah Peretti, LLC
10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2023-12-04−1,200,000→ 5,237,416 total(indirect: By LLC)→ Class A Common Stock (1,200,000 underlying) - Conversion
Class B Common Stock
2023-12-04−1,200,000→ 4,037,416 total(indirect: By LLC)→ Class A Common Stock (1,200,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's Certificate of Incorporation, each share of Class B Common Stock converts automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions). 1,200,000 shares of Class B Common Stock automatically converted into 1,200,000 shares of Class A Common Stock upon transfer by the reporting person to NBCUniversal Media, LLC ("NBCU") pursuant to the disposition described in footnote 2, below.
- [F2]Represents the disposition of 1,200,000 shares of Class B Common Stock of the issuer that were held in escrow by the reporting person to NBCU 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) NBCU; (iii) Jonah Peretti; and (iv) the reporting person. The Escrow Agreement expired on December 3, 2023.
- [F3]These shares are owned directly by Jonah Peretti, LLC, a ten percent owner of the issuer, and indirectly by Jonah Peretti as the managing member of Jonah Peretti, LLC.
Issuer
BuzzFeed, Inc.
CIK 0001828972
Entity typeother
Related Parties
1- filerCIK 0001886657
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 4:59 PM ET
- Size
- 19.3 KB