BuzzFeed (BZFD) CLO David Arroyo Receives RSU Award

What Happened
David Arroyo, Chief Legal Officer of BuzzFeed, was granted 365,372 restricted stock units (RSUs) on September 10, 2026. The Form 4 reports the award as a derivative acquisition (code A) at $0.00 per unit (no immediate cash paid). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-10; Form filed: 2026-09-14 (timely filing).
• Amount: 365,372 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not specified in the filing.
• Footnotes from the filing:
  • F1: Each RSU converts to one share of Class A common stock, contingent on continued service.
  • F2: Vesting schedule: one-third vests one year from July 21, 2026, then the remainder vests in eight equal quarterly installments.
  • F3: RSUs do not expire; they either vest or are cancelled before vesting.
• Transaction code: A (award/grant/other acquisition — derivative).

Context
RSU grants are common executive compensation and do not involve an immediate cash outlay or open-market trading. Because these RSUs are contingent on continued service and follow a multi-quarter vesting schedule, they represent future potential share issuance rather than current insider buying or selling.