Rothstein Adam 4

What Happened

• Adam Rothstein, a director of BuzzFeed, had 48,894 restricted stock units (RSUs vest) on March 1, 2026 that were converted into 48,894 shares of common stock. The conversion was recorded as an exercise/conversion of a derivative at $0.00 per share, meaning no cash was paid by Rothstein — this was a compensation vesting/settlement event rather than an open-market purchase or sale.

Key Details

• Transaction date: March 1, 2026; filing date: March 2, 2026 (filed the next day).
• Transaction type/code: M — exercise/conversion of derivative (RSU settlement).
• Shares converted/issued: 48,894; price: $0.00; total cash paid: $0.
• Matching derivative disposition entry appears in the filing to reflect conversion of the RSU instrument to shares.
• Remaining award: the 48,894 shares represent 1/4 of a larger RSU award (total 195,576 RSUs); 146,682 RSUs remain and vest ratably on June 1, Sept 1 and Dec 1 thereafter (per footnotes).
• RSU terms: each RSU equals one contingent share, RSUs do not expire and vest subject to continued service (per footnotes).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: filed the day after the vesting/settlement date — appears timely.

Context

• This was a routine compensation settlement (vesting of RSUs), not an open-market buy or sale; purchases can be a stronger bullish signal than compensation-related issuances. No sale of the newly issued shares was reported in this filing, and no cash changed hands.