Omer Matthew 4
4 · BuzzFeed, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
BuzzFeed (BZFD) CFO Omer Matthew Receives RSU Award
What Happened
Omer Matthew, Chief Financial Officer of BuzzFeed, received a total of 90,080 shares of Class A common stock on May 14, 2026 upon settlement/conversion of restricted stock units (RSUs) (converted 1-for-1). To satisfy tax withholding obligations, 33,531 of those shares were surrendered at $1.33 per share, generating $44,596 in tax payment. Net new shares added to his position from this settlement were 56,549 shares. The transactions were administrative RSU settlements and a tax-withholding share surrender, not open-market purchases or sales.
Key Details
- Transaction date: May 14, 2026; Form filed May 18, 2026 (filed within the standard 2-business-day window).
- Shares settled/converted: 90,080 total (71,322 + 17,091 + 1,667 entries on the Form 4). All conversions recorded at $0.00 per share (RSU settlement).
- Tax withholding: 33,531 shares withheld at $1.33/share → $44,596 cash value surrendered to cover taxes (transaction code F).
- Net shares retained from this settlement: 90,080 − 33,531 = 56,549 shares.
- Post-transaction beneficial ownership: not specified in the provided excerpt of the Form 4 — see the full filing for total holdings.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion to stock); F = shares withheld to satisfy tax liability.
- Vesting/award notes (from filing footnotes): multiple RSU grants were involved — 71,322 RSUs settled on May 14, with a remaining tranche of 142,648 that vests quarterly (1/12 each quarter on Aug 1, Nov 1, Feb 1 and May 1); a separate small tranche had 1,667 RSUs settle with 1,667 remaining to vest quarterly (May 19 dates). One RSU grant noted as having vested 100% on Feb 25, 2026. RSUs do not expire per the filing.
Context
RSU settlements convert previously granted, contingent awards into shares when vesting conditions are met. The withholding of shares to cover taxes is routine (a net-share settlement/cashless-withholding) and does not represent an open-market sale or a purchase signal. Such administrative filings are common and generally reflect compensation vesting rather than a deliberate buy/sell decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-14+71,322→ 406,867 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-14+17,091→ 423,958 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-14+1,667→ 425,625 total - Tax Payment
Class A Common Stock
[F2]2026-05-14$1.33/sh−33,531$44,596→ 392,094 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-05-14−71,322→ 142,648 total→ Class A Common Stock (71,322 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]2026-05-14−17,091→ 0 total→ Class A Common Stock (17,091 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F7][F5]2026-05-14−1,667→ 1,667 total→ Class A Common Stock (1,667 underlying)
Footnotes (7)
- [F1]These shares of Class A common stock reflect the settlement, on May 14, 2026, of restricted stock units ("RSUs") granted to the Reporting Person pursuant to the 2021 Equity Incentive Plan, each of which was converted 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]71,322 RSUs settled on the transaction date. The remaining 142,648 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]1,667 RSUs settled on the transaction date. The remaining 1,667 RSUs vest as to 1/12 of the total award quarterly in equal installments on the 19th of May.