BuzzFeed (BZFD) Jonah Peretti Receives RSUs; Shares Withheld

What Happened
Jonah Peretti, President of BuzzFeed AI and a director of BuzzFeed, had 6,363 restricted stock units (RSUs) settle on August 11, 2026. The RSUs converted 1-for-1 into 6,363 shares of the issuer’s Class A common stock (reported as an exercise/conversion of a derivative at a $0.00 exercise price). To cover the tax liability from the settlement, 2,621 shares were withheld at $1.13 per share, resulting in $2,962 in tax withholding. This was a compensation vesting event (not an open‑market purchase or sale).

Key Details

• Transaction date: August 11, 2026 (filed August 12, 2026 — timely filing).
• Primary events: 6,363 RSUs settled / converted to 6,363 Class A shares (derivative exercise, code M); 2,621 shares withheld for taxes (code F) at $1.13/share = $2,962.
• Exercise price: $0.00 for the RSU conversion (no cash paid to exercise).
• Shares owned after transaction: not specified in this report.
• Notable footnotes:
  • F1/F4/F5/F6: These were RSUs convertible 1-for-1 into Class A shares; 6,363 RSUs settled on the transaction date. The remaining 44,545 RSUs vest quarterly (1/12 of total award each quarter on Nov 1, Feb 1, May 1 and Aug 1) and do not expire. Vesting is contingent on continued service.
  • F2: 2,621 shares were withheld to pay taxes related to the RSU settlement.
  • F3: Shares are held (directly) by Jonah Peretti, LLC and indirectly by Jonah Peretti as managing member.

Context
This filing documents a routine compensation event — RSUs vesting and settling into shares with a portion surrendered to cover taxes. That withholding is not an open-market sale and does not necessarily signal insider sentiment about the stock. For retail investors, purchases are typically more informative than vested awards; here the activity reflects employee compensation and scheduled vesting.