Arroyo David 4

4 · BuzzFeed, Inc. · Filed May 18, 2026

AI-generated summary of this filing

Updated May 18, 2026

BuzzFeed CLO David Arroyo Receives RSU Shares

What Happened

David Arroyo, Chief Legal Officer of BuzzFeed, had restricted stock units (RSUs) convert into 114,329 shares of Class A common stock on May 14, 2026. The RSU conversions are reported as conversions/exercise of derivatives (code M) at $0.00 (no purchase price). To cover tax liabilities, 46,550 of those shares were withheld (code F) at $1.33 per share, totaling $61,912. Net shares received by Arroyo on the settlement date were 67,779 (114,329 acquired minus 46,550 withheld).
The filing shows derivative positions (the RSUs) were cancelled/converted as part of the settlement — these “disposed” entries reflect conversion of the award, not an open-market sale.

Key Details

Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (filed within the usual 2-business-day window).
RSUs converted (acquired): 114,329 shares at $0.00 per share.
Shares withheld for taxes: 46,550 shares at $1.33/share = $61,912.
Net shares delivered to insider: 67,779.
Notable footnotes: conversion reflects RSU vesting/settlement (each RSU = 1 share). Some RSU tranches settled on this date (71,811 and 25,146 noted); other RSUs remain subject to future vesting schedules (e.g., remaining 143,627 vest quarterly; some tranches vest May 19, 2026). Some grants had vested earlier (Feb 2026) per the footnotes.
The filing excerpt does not specify total shares beneficially owned by the reporting person after these transactions.

Context

This was an award settlement (RSU conversion), not an open-market purchase or sale — RSU settlements are routine compensation events and don't necessarily signal a change in insider sentiment.
Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement); F = shares withheld to cover taxes. The “disposed” derivative lines denote the derivative awards were converted/cancelled upon settlement, not that shares were sold on the market.

Form 4

Period: 2026-05-14

CLO

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-05-14+71,811→ 232,815 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-05-14+17,372→ 250,187 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-05-14+25,146→ 275,333 total
Tax Payment
Class A Common Stock
[F2]
2026-05-14$1.33/sh−46,550$61,912→ 228,783 total
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-05-14−71,811→ 143,627 total
→ Class A Common Stock (71,811 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]
2026-05-14−17,372→ 0 total
→ Class A Common Stock (17,372 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F7][F8]
2026-05-14−25,146→ 25,146 total
→ Class A Common Stock (25,146 underlying)

Footnotes (8)

[F1]These shares of Class A common stock reflect the vesting of restricted stock units ("RSUs") on May 14, 2026. Each RSU is convertible into a share of Issuer's Class A common stock on a 1-for-1 basis.
[F2]Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.
[F3]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.
[F4]71,811 RSUs settled on the transaction date. The remaining 143,627 RSUs vest as to 1/12 of the total award quarterly in equal installments on the 1st of August, November, February and May thereafter.
[F5]These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
[F6]The RSU grant vested one hundred percent of the total award on February 25, 2026.
[F7]25,146 RSUs vested in February 2026 and settled on the transaction date. The remaining 25,146 RSUs will vest on May 19, 2026.
[F8]Not applicable.

Signature

/s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo|2026-05-18

1 file