BuzzFeed (BZFD) CLO David Arroyo Receives RSUs; 17,370 Shares Withheld

What Happened
David Arroyo, Chief Legal Officer (CLO) of BuzzFeed (BZFD), had restricted stock units (RSUs) convert into 43,099 shares of Class A common stock on August 11, 2026 (25,146 + 17,953). The RSUs converted 1-for-1 and show $0 exercise price. To cover tax withholding, 17,370 shares were withheld (disposed) at an effective value of $1.13 per share, totaling $19,628, leaving a net issuance of 25,729 shares to Arroyo.

Key Details

• Transaction date: August 11, 2026; Form 4 filed August 12, 2026 (appears timely).
• Gross shares issued on settlement: 43,099 (25,146 + 17,953).
• Shares withheld for taxes: 17,370 @ $1.13 = $19,628 (reported as tax withholding).
• Net shares received by insider: 25,729.
• Footnotes: RSUs convert 1-for-1 into Class A common stock (F1, F3). The 25,146 RSUs were from an award that vested May 19 and is now fully settled (F4). The 17,953 RSUs settled are part of a larger award with 125,674 RSUs remaining that vest quarterly (F6). RSUs do not expire before vesting (F7).
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• These transactions are RSU settlements (award conversion), not open-market buys or sales by choice. Withholding shares to cover taxes is routine and does not necessarily indicate a view on the stock.
• Because these were RSU settlements (no cash purchase), the form records them as exercise/conversion of a derivative security (code M) and tax withholding (code F).