Rolle Janet L 4

What Happened

• Janet L. Rolle, a director of BuzzFeed, had 128,056 restricted stock units (RSUs) accelerate-vest and convert into 128,056 shares of BuzzFeed common stock on May 26, 2026. The Form 4 reports these as exercise/conversion of a derivative (transaction code M) at $0.00 per share, i.e., no cash was paid. The filing shows both “acquired” and matching “disposed” derivative entries reflecting the RSU-to-share settlement — the filing does not report an open‑market sale of the underlying shares.

Key Details

• Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (timely within the Form 4 reporting window).
• Reported amounts: 23,283 shares and 104,773 shares (total 128,056) settled; reported price: $0.00.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: (F1) 128,056 RSUs fully vested and were settled in common shares; (F2) each RSU converts to one share; (F3) vesting was accelerated due to a Corporate Transaction under the company’s 2021 Equity Incentive Plan; the RSUs were originally granted Feb 12, 2026.
• No 10b5-1 plan, tax withholding, or sale of shares is reported in the provided notes.

Context

• The transactions are derivative conversions (RSU vesting), not purchases or open-market sales. Reporting code M is used for conversion/exercise of a derivative instrument; here it reflects the settlement of RSUs into shares with no cash exchanged.
• Accelerated vesting in connection with a corporate transaction is common and does not by itself indicate buying or selling activity by the insider. The filing shows the insider received shares rather than disposing of them in a market sale.