Karras Sydnie 4

What Happened Sydnie Karras, a director of BuzzFeed, acquired 17,000 shares of the company's Class A common stock on June 17, 2026, at $1.44 per share, for a total purchase price of $24,480. The shares were purchased in a private placement under a Securities Purchase Agreement dated June 17, 2026, exempt from registration under Section 4(a)(2) of the Securities Act and approved by the issuer. This transaction is recorded as a purchase (Form 4 code P).

Key Details

• Transaction date and price: June 17, 2026 — 17,000 shares at $1.44 each (total $24,480).
• Transaction type: Private placement purchase (exempt under Section 4(a)(2)).
• Footnote: Acquisition pursuant to a Securities Purchase Agreement dated June 17, 2026; approved by the issuer.
• Filing timeliness: Report filed on June 22, 2026 (period of report 6/17/2026); this is after the typical 2-business-day Form 4 filing window, so the filing is late.
• Shares owned after transaction: Not reported in the provided filing details.

Context Private placements are purchases directly from the company and often carry resale restrictions; the Section 4(a)(2) exemption indicates the shares were not registered for public resale. The dollar amount here ($24.5k) is modest, so the trade has limited immediate market impact. Purchases by insiders are factual data points investors track, but they do not by themselves explain motivation or predict future stock performance.