Omer Matthew 4

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.