[144] BuzzFeed, Inc. SEC Filing
BuzzFeed, Inc. (BZFD) filed a Form 144 notifying the proposed sale of 37,092 common shares through Piper Sandler & Co. on Nasdaq with an approximate sale date of 09/12/2025. The filing lists an aggregate market value of $74,184 for the shares and shows 37,040,000 shares outstanding, so the proposed sale represents about 0.10% of outstanding shares. The shares to be sold were acquired in open-market purchases funded in cash on 12/02/2024 (19,228 shares), 11/15/2024 (1,674 shares), and 06/01/2024 (16,190 shares). The filer certifies no undisclosed material adverse information is known.
- Securities were acquired in open-market purchases funded in cash, which clarifies the source and payment for the shares
- Proposed sale size is small relative to total shares outstanding (approximately 0.10%), limiting direct market impact
- Notice of proposed sale means additional shares may enter the market on or about 09/12/2025
- Filing does not identify the specific selling person by name or relationship to the issuer within the provided content
Insights
TL;DR Proposed sale is small relative to the companys outstanding shares and originates from recent open-market purchases.
The filing notifies an intent to sell 37,092 common shares via Piper Sandler on Nasdaq, equal to roughly 0.10% of the 37.04 million shares outstanding. The shares were acquired in three open-market cash purchases in 2024, indicating the position was built through secondary-market activity rather than via an issuance or gift. Because the notice reports a modest position size versus total outstanding shares, the direct market-impact risk is limited absent other concurrent insider selling. The representation about no undisclosed material adverse information is a standard Form 144 attestation.
TL;DR Form 144 is a routine disclosure of proposed insider selling; size is small and documentation appears complete for Rule 144 purposes.
The document supplies required details: broker name and address, acquisition dates and methods, payment type, number of shares proposed for sale, aggregate market value, and approximate sale date. The acquisitions are recorded as open-market purchases funded with cash, which simplifies Rule 144 holding-period and sourcing considerations. The notice includes the standard signature representation regarding material undisclosed information. From a governance perspective, this filing is procedural and does not by itself indicate a material corporate event.