Jonah Peretti, LLC converts 1,309,354 BuzzFeed (BZFD) Class B to A
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BuzzFeed, Inc. insider entity Jonah Peretti, LLC converted 1,309,354 shares of Class B Common Stock into 1,309,354 shares of Class A Common Stock. The conversion occurred on May 26, 2026 at a one-for-one ratio under BuzzFeed’s Second Amended and Restated Certificate of Incorporation.
Following the transaction, Jonah Peretti, LLC holds 1,309,354 shares of Class A Common Stock indirectly owned by Jonah Peretti as managing member. The corresponding Class B position reported by Jonah Peretti, LLC was reduced to zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,309,354 shares exercised/converted
Mixed
2 txns
Insider
Peretti Jonah, Jonah Peretti, LLC
Role
President of BuzzFeed AI | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,309,354 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,309,354 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 0 shares (Indirect, By Jonah Peretti, LLC);
Class A Common Stock — 1,309,354 shares (Indirect, By Jonah Peretti, LLC)
Footnotes (1)
- On May 26, 2026, Jonah Peretti, LLC, as registered holder of record of 1,309,354 shares of Class B Common Stock, par value $0.0001 per share, of BuzzFeed, Inc. (the "Company"), converted, pursuant to Article V, Section 1.1 of the Second Amended and Restated Certificate of Incorporation of the Company, all shares of Class B Common Stock held by Jonah Peretti, LLC into shares of Class A Common Stock, par value $0.0001 per share, at a ratio of one share of Class A Common Stock for each share of Class B Common Stock (the "Conversion"). The total number of shares of Class A Common Stock issued to Jonah Peretti, LLC was equal to the number of shares of Class B Common Stock owned by Jonah Peretti, LLC on the books and records of the Company as of May 26, 2026. Reflects the Conversion of 1,309,354 shares of Class B Common Stock into an equal number of shares of Class A Common Stock pursuant to the transaction described in footnote 1 above. These shares are owned directly by Jonah Peretti, LLC and indirectly by Jonah Peretti as the managing member of Jonah Peretti, LLC.
Key Figures
Class B shares converted: 1,309,354 shares
Class A shares issued: 1,309,354 shares
Par value per share: $0.0001
+1 more
4 metrics
Class B shares converted
1,309,354 shares
Converted from Class B into Class A on May 26, 2026
Class A shares issued
1,309,354 shares
Issued to Jonah Peretti, LLC in the conversion
Par value per share
$0.0001
Par value for both Class A and Class B Common Stock
Post-conversion Class B balance
0 shares
Class B Common Stock held by Jonah Peretti, LLC after conversion
Key Terms
Class B Common Stock, Class A Common Stock, Conversion of derivative security, Second Amended and Restated Certificate of Incorporation, +1 more
5 terms
Class B Common Stock financial
"registered holder of record of 1,309,354 shares of Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"converted...into shares of Class A Common Stock, par value $0.0001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Conversion of derivative security financial
"transaction code description: Conversion of derivative security"
Second Amended and Restated Certificate of Incorporation regulatory
"pursuant to Article V, Section 1.1 of the Second Amended and Restated Certificate of Incorporation"
indirectly financial
"These shares are owned directly by Jonah Peretti, LLC and indirectly by Jonah Peretti"
FAQ
What insider transaction did BuzzFeed (BZFD) report for Jonah Peretti, LLC?
BuzzFeed reported that Jonah Peretti, LLC converted 1,309,354 shares of Class B Common Stock into 1,309,354 shares of Class A Common Stock. This was a derivative security conversion, not an open-market purchase or sale, and occurred on May 26, 2026.
Was there a cash price involved in the BuzzFeed insider conversion reported here?
The conversion carried a stated transaction price per share of $0.0000, indicating no cash purchase or sale price. It reflects a one-for-one conversion of Class B into Class A shares under BuzzFeed’s Second Amended and Restated Certificate of Incorporation.
Did this BuzzFeed (BZFD) Form 4 reflect any open-market buys or sells?
No open-market buys or sells were reported. The Form 4 records a conversion of a derivative security: 1,309,354 Class B shares were converted into 1,309,354 Class A shares, with transaction code “C” indicating a conversion of derivative security rather than a trade.