BuzzFeed Inc.

19/11/2024 | Press release | Distributed by Public on 19/11/2024 23:43

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
(Print or Type Responses)
1. Name and Address of Reporting Person *
Arroyo David
2. Issuer Name and Ticker or Trading Symbol
BuzzFeed, Inc. [BZFD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CLO
(Last) (First) (Middle)
229 WEST 43RD STREET, 10TH FLOOR 		3. Date of Earliest Transaction (Month/Day/Year)
11/15/2024
(Street)
NEW YORK, NY 10036 		4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/15/2024 M 328(1) A $ 0 72,964 D
Class A Common Stock 11/15/2024 M 375(1) A $ 0 73,339 D
Class A Common Stock 11/15/2024 M 25,142(1) A $ 0 98,481 D
Class A Common Stock 11/15/2024 F 10,419(2) D $ 0 88,062 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 11/15/2024 M 328 (4) (5) Class A Common Stock 328 $ 0 657 D
Restricted Stock Units (3) 11/15/2024 M 375 (6) (5) Class A Common Stock 375 $ 0 374 D
Restricted Stock Units (3) 11/15/2024 M 25,142 (7) (8) Class A Common Stock 25,142 $ 0 176,010 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Arroyo David
229 WEST 43RD STREET, 10TH FLOOR
NEW YORK, NY 10036 		CLO

Signatures

/s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo 11/19/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares of Class A common stock reflect the settlement, on November 15, 2024, of restricted stock units ("RSUs") granted to the Reporting Person pursuant to the 2021 Equity Incentive Plan, each of which was converted into a share of the Issuer's Class A common stock on a 1-for-1 basis.
(2) Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.
(3) 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.
(4) 328 RSUs vested on November 15, 2024. The remaining 657 RSUs vest as to 1/12 of the total award of 3,939 RSUs quarterly in equal installments on the 15th of each February and May thereafter.
(5) These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
(6) 375 RSUs vested on November 15, 2024. The remaining 374 RSUs vest as to 1/12 of the total award of 4,497 RSUs quarterly in equal installments on the 15th of each February thereafter.
(7) 25,142 RSUs settled on November 15, 2024. The remaining 176,010 RSUs vest as to 1/12 of the total award of 301,152 RSUs quarterly in equal installments on the 19th of each February, May, August, and November thereafter.
(8) Not applicable.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.