BuzzFeed (BZFD) Director Sydnie Karras Receives 39,062 Shares on RSU Vest

What Happened

• Sydnie Karras, a director of BuzzFeed, reported the vesting and settlement of 39,062 restricted stock units (RSUs) on August 26, 2026. The Form 4 shows a derivative conversion (transaction code M) resulting in acquisition of 39,062 shares at $0.00; a matching derivative disposition line is also reported. Footnotes state the RSUs fully vested and were settled in shares, with no cash paid.

Key Details

• Transaction date: August 26, 2026; Form 4 filed August 27, 2026 (timely).
• Reported amounts: 39,062 RSUs vested and settled into 39,062 shares; reported price $0.00.
• Transaction code: M (exercise/conversion of a derivative instrument); footnote clarifies these were RSUs settled in common stock.
• Shares owned after the transaction: not specified in this filing.
• Vesting schedule context (from footnotes): the 39,062 shares represent 1/4 of a 156,250 RSU award. The remaining 117,188 RSUs vest ratably as to 1/4 of the total award on the 26th of November, February and May thereafter. RSUs do not expire and either vest or are cancelled.

Context

• This was an award vesting/settlement (routine compensation event), not an open-market purchase or sale. No proceeds or cashless sale are reported here, so this transaction does not by itself signal a buy/sell decision by the insider.