Rothstein Adam 4

What Happened Adam Rothstein, a director of BuzzFeed, had 23,282 restricted stock units (RSUs) vest and be settled into 23,282 shares of common stock on May 12, 2026. The Form 4 shows an "M" (exercise/conversion of derivative) acquisition of 23,282 shares at $0.00 and a corresponding disposition of the derivative instrument at $0.00 — reflecting conversion of RSUs into shares, not a market sale.

Key Details

• Transaction date: May 12, 2026; reported on same date (filing appears timely).
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion to common stock).
• Shares acquired: 23,282 common shares; price paid: $0.00 (settlement of vested RSUs).
• Corresponding disposition: 23,282 derivative units were converted/settled (reported as disposed).
• Remaining award: Another 23,283 RSUs remain outstanding and are scheduled to vest on August 12, 2026.
• RSU terms: Each RSU equals the right to one share, subject to continued service; these RSUs do not expire (they vest or are cancelled).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context This was a routine vesting/settlement of RSUs, not an open-market purchase or sale. No cash was paid to acquire the shares (they were issued upon vesting). Such conversions are common compensation events and do not by themselves signal a buy or sell decision in the market.