BuzzFeed (BZFD) CFO Matthew Omer Receives RSUs; Shares Withheld

What Happened

Matthew Omer, Chief Financial Officer of BuzzFeed, had 19,498 restricted stock units (RSUs) convert to Class A common shares on August 11, 2026 (1,667 + 17,831). No cash was paid to acquire these shares (conversion/exercise price $0). The company withheld 6,997 shares to cover tax withholding obligations at $1.13 per share (total withheld value reported as $7,907), leaving a net delivery of 12,501 shares to Mr. Omer.

Key Details

• Transaction date: August 11, 2026; Form 4 filed Aug 12, 2026 (timely).
• Conversion type: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax liability.
• Shares settled: 19,498 total (1,667 + 17,831). Shares withheld: 6,997 @ $1.13 (value $7,907). Net shares delivered to reporting person: 12,501.
• Footnotes of note:
  • RSUs convert 1-for-1 into Class A common stock (F1, F4).
  • The 1,667 RSUs were the final remaining units under one award (no RSUs remain under that award) (F5).
  • The 17,831 RSUs were part of a larger award with 124,817 RSUs still to vest quarterly (F7).
  • Some shares are held of record by Mr. Omer’s spouse; he may be deemed to beneficially own those but disclaims ownership except for pecuniary interest (F3).
• Shares owned after this transaction: not stated in this filing.

Context

This was a compensation-related RSU settlement (not an open-market buy or sale). The withholding of shares to cover taxes is a routine cashless method employers use when RSUs vest. Transaction codes: M = conversion/exercise of derivative (RSU settlement); F = tax withholding. The filing shows no indication of a discretionary sale of shares by the insider.