Peretti Jonah 4

What Happened

• Jonah Peretti, CEO of BuzzFeed, had restricted stock units (RSUs) convert into 35,694 shares of the issuer's Class A common stock on May 14, 2026. The conversion price was $0.00 per share (RSUs convert 1-for-1 to common stock).
• To satisfy tax withholding obligations on the RSU settlement, 14,700 shares were withheld (reported as a disposition) at an implied withholding amount of $1.33 per share, totaling $19,551.
• Transaction codes: M entries reflect exercise/conversion of the derivative (RSU) into shares; F reflects shares withheld to pay taxes.

Key Details

• Transaction date: May 14, 2026; Filing date: May 18, 2026 (timely filed within the Form 4 deadline).
• Shares acquired (from RSU settlement): 10,241 + 25,453 = 35,694 shares (Class A common stock) at $0.00 per share.
• Shares disposed/withheld for taxes: 14,700 shares; withholding amount reported as $19,551 (at $1.33 per share).
• Footnotes: RSUs convert 1-for-1 into Class A shares (F1); withheld shares were used to pay taxes on settlement (F2); each RSU is contingent on continued service (F3). The filing notes 25,453 RSUs settled on the transaction date and additional RSUs remain subject to a vesting schedule (50,908 RSUs vest in quarterly 1/12 installments per F6). The RSU grant vested 100% on Feb 24, 2026 per the filing (F4).
• Shares owned after the transaction: not specified in this filing.

Context

• This was an RSU settlement (award conversion), not an open-market sale or purchase. Withholding shares to cover taxes is routine and should not be interpreted as a discretionary sale by the insider.
• For retail investors: RSU settlements reflect compensation/vesting mechanics rather than a direct signal of the CEO’s view of the stock; the only shares leaving Peretti’s holdings here were withheld for tax purposes.