Arroyo David 4

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.