Peretti Jonah 4

What Happened

• Jonah Peretti, President of BuzzFeed AI and a director, converted 1,309,354 shares of BuzzFeed Class B Common Stock into 1,309,354 shares of Class A Common Stock on May 26, 2026. The conversion was effected at a 1-for-1 ratio under the company’s charter; no cash changed hands (reported price $0.00). The shares are owned directly by Jonah Peretti, LLC and indirectly by Jonah Peretti as the managing member.

Key Details

• Transaction date: May 26, 2026; Form filed May 28, 2026 (within the usual two-business-day Form 4 deadline).
• Transaction type/code: Conversion of derivative security (C); 1,309,354 shares converted (acquired = 1,309,354 Class A; disposed = 1,309,354 Class B).
• Price: $0.00 (administrative conversion under the charter, not a market purchase or sale).
• Ownership after transaction: 1,309,354 Class A shares are held by Jonah Peretti, LLC (indirectly owned by Jonah Peretti).
• Footnotes: Conversion pursuant to Article V, Section 1.1 of the company’s Second Amended and Restated Certificate of Incorporation. Two separate Form 4s were filed (by Jonah Peretti and by Jonah Peretti, LLC); the Peretti parties may be deemed a "group" under Section 13(d). Exhibits include Powers of Attorney.

Context

• This was a share-class conversion (administrative reclassification), not a purchase or sale—so it doesn’t by itself signal buying or selling intent.
• For retail investors, conversions typically reflect corporate governance/ownership structure changes (e.g., consolidating voting or economic rights) rather than immediate market sentiment.