BuzzFeed (BZFD) CLO David Arroyo Receives 25,144 RSU Shares

What Happened
David Arroyo, Chief Legal Officer of BuzzFeed, had 25,144 restricted stock units (RSUs) convert into Class A common stock on March 9, 2026. The filing shows 25,144 shares acquired through conversion (derivative exercise) and 11,466 shares withheld to satisfy tax withholding, resulting in a net increase of approximately 13,678 shares to his beneficial holdings. All reported transactions show a $0.00 per-share price because these were RSU settlements (not open-market purchases or sales).

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
• Reported entries: 25,144 shares acquired via RSU conversion (derivative exercise, code M); 11,466 shares disposed/withheld for taxes (code F); an additional derivative disposition entry relates to the conversion process. All entries at $0.00 per share.
• Net new shares received: ~13,678 (25,144 converted − 11,466 withheld).
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnotes: RSUs settle 1-for-1 into Class A common stock (F1,F3); shares withheld solely to pay taxes on the RSU settlement (F2). Half of the remaining 50,292 RSUs previously awarded are scheduled to settle at the next equity release date; the other half vests on May 19, 2026 (F4).
• No indication of a 10b5-1 plan, gift, or open-market sale — this is an equity award settlement and tax withholding, not a market sale.

Context
This was a routine equity award settlement (RSU vest/settle) rather than a purchase or open-market sale. Conversions of RSUs typically report $0 exercise price because they convert into shares under the grant terms; tax withholding is common and does not necessarily signal buy/sell intent. For investors, purchases can be more informative than routine award settlements; this filing documents compensation-related share issuance and withholding.