4//SEC Filing
Nguyen Phuong Dao 4
Accession 0001104659-22-069023
CIK 0001828972other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 5:11 PM ET
Size
18.2 KB
Accession
0001104659-22-069023
Insider Transaction Report
Form 4
BuzzFeed, Inc.BZFD
Nguyen Phuong Dao
Publisher
Transactions
- Tax Payment
Class A Common Stock
2022-06-05$3.76/sh−158,187$594,783→ 188,676 total - Award
Restricted Stock Units
2022-05-12+281,520→ 281,520 total→ Class A Common Stock (281,520 underlying) - Award
Restricted Stock Units
2022-05-12+76,500→ 76,500 total→ Class A Common Stock (76,500 underlying) - Exercise/Conversion
Restricted Stock Units
2022-06-05−65,343→ 11,157 total→ Class A Common Stock (65,343 underlying) - Exercise/Conversion
Class A Common Stock
2022-06-05+281,520→ 281,520 total - Exercise/Conversion
Restricted Stock Units
2022-06-05−281,520→ 0 total→ Class A Common Stock (281,520 underlying) - Exercise/Conversion
Class A Common Stock
2022-06-05+65,343→ 65,343 total
Footnotes (6)
- [F1]These shares of Class A common stock reflect the settlement of restricted stock units of the Issuer ("RSUs") on June 5, 2022. Each RSU is convertible into a share of the Issuer's Class A common stock on a 1-for-1 basis.
- [F2]Represents RSUs of the Issuer received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of June 24, 2021 (the "Merger Agreement") among (i) the Issuer, (ii) wholly-owned subsidiaries of the Issuer and (iii) the company formerly known as Buzzfeed, Inc. ("Original BuzzFeed"). At the Effective Time (as defined in the Merger Agreement), the Reporting Person's RSUs previously awarded by Original BuzzFeed with respect to shares of its Class A Common Stock were exchanged for replacement RSU awards of the Issuer, of an equivalent economic value, with respect to the Issuer's Class A common stock. The RSUs were subject to a liquidity event condition, which the board of directors of the Issuer waived on May 12, 2022.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the Reporting Person's continued status as a service provider to the Issuer.
- [F4]The RSUs service-vest on the following schedule: (a) 25% vest on January 1, 2018 and (b) the remaining 75% vest in 36 equal installments on each monthly anniversary thereafter.
- [F5]These RSUs do not expire. They either vest or are cancelled prior to the vesting date.
- [F6]The RSUs service-vest on the following schedule: (a) 25% vest on January 1, 2020 and (b) the remaining 75% vest in 36 equal installments on each monthly anniversary thereafter.
Documents
Issuer
BuzzFeed, Inc.
CIK 0001828972
Entity typeother
Related Parties
1- filerCIK 0001886658
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 5:11 PM ET
- Size
- 18.2 KB