Rothstein Adam 4
4 · BuzzFeed, Inc. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
BuzzFeed (BZFD) Director Adam Rothstein Converts RSUs to ~169,964 Shares
What Happened Adam Rothstein, a director of BuzzFeed, reported conversion/settlement of restricted stock units (RSUs) into common shares on May 26, 2026. The Form 4 shows two lots of RSU-derived transactions (23,283 and 146,682 shares) reported as both the conversion/acquisition of shares and the disposition of the derivative instrument (transaction code M). The filing reports a $0.00 exercise/conversion price because RSUs convert to shares without a purchase price; the filing’s footnote states 169,964 RSUs fully vested and were settled in shares following accelerated vesting.
Key Details
- Transaction date: May 26, 2026; Form 4 filed: May 28, 2026 (appears timely — filed two days after the transaction).
- Transaction type/code: M — exercise/conversion of derivative security (RSU conversion to common stock).
- Reported line items: acquisitions of 23,283 and 146,682 shares (and corresponding dispositions of the derivative), totaling about 169,964 RSUs per the footnote.
- Price: $0.00 reported for the conversion (typical for RSU settlement; not a cash purchase).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: F1–F3 note the RSUs fully vested and were settled in shares; the vesting was accelerated in connection with a Corporate Transaction and the awards were originally granted Feb 12, 2026.
Context This was a conversion/settlement of RSUs (an award vesting into shares), not an open‑market buy or sale. RSU settlements at $0 simply reflect vesting/settlement rather than a purchase; they increase the insider’s share count but are not a direct cash investment signal. The filing indicates accelerated vesting tied to a corporate transaction per the company’s equity plan.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-26+23,283→ 1,037,835 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-26+146,682→ 1,184,517 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-26−23,283→ 0 total→ Class A Common Stock (23,283 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-26−146,682→ 0 total→ Class A Common Stock (146,682 underlying)
Footnotes (3)
- [F1]169,964 restricted stock units ("RSUs") fully vested on May 26, 2026 and were settled in shares of the issuer's common stock.
- [F2]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.
- [F3]The reported transaction reflects the accelerated vesting. in connection with the consummation of a transaction constituting a Corporate Transaction (as defined in the Company's 2021 Equity Incentive Plan, as amended (the "Plan")), of RSUs previously granted on February 12, 2026, pursuant to the terms of the applicable award agreement and the Plan.