4//SEC Filing
Weinstein Daniel 4
Accession 0001828972-24-000140
CIK 0001828972other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 7:42 PM ET
Size
9.8 KB
Accession
0001828972-24-000140
Insider Transaction Report
Form 4
BuzzFeed, Inc.BZFD
Weinstein Daniel
Chief Accounting Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-05-21+14,999→ 14,999 total - Tax Payment
Class A Common Stock
2024-05-21−5,409→ 9,590 total - Exercise/Conversion
Restricted Stock Units
2024-05-21−14,999→ 30,001 total→ Class A Common Stock (14,999 underlying)
Footnotes (6)
- [F1]On May 6, 2024, the Issuer effected a 1-for-4 reverse split of the Issuer's Class A common stock, resulting in a reduction in the number of shares held by the Reporting Person. In addition, proportionate adjustments have been made to the Reporting Person's outstanding equity awards, including the number of restricted stock units ("RSUs") reflected on this Form 4. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the 1-for-4 reverse stock split.
- [F2]These shares of Class A common stock reflect the settlement, on May 21, 2024, of RSUs granted to the Reporting Person pursuant to the 2021 Equity Incentive Plan, each of which was converted into a share of the Issuer's Class A common stock on a 1-for-1 basis.
- [F3]Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (2) refers.
- [F4]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.
- [F5]14,999 RSUs settled on May 21, 2024. The remaining 30,001 RSU vest as to 1/12 of the total award of 45,000 RSUs quarterly in eight equal installments on the 19th of each August, November, February, and May thereafter.
- [F6]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Documents
Issuer
BuzzFeed, Inc.
CIK 0001828972
Entity typeother
Related Parties
1- filerCIK 0001969056
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 7:42 PM ET
- Size
- 9.8 KB