Rothstein Adam 4

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.