BuzzFeed (NASDAQ: BZFD) director buys 17,000 Class A shares in placement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BuzzFeed, Inc. director Sydnie Karras bought 17,000 shares of Class A common stock in a private placement on June 17, 2026. The shares were purchased at $1.44 per share under a Securities Purchase Agreement and are held directly, bringing Karras’s reported direct holdings to 17,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,000 shares ($24,480)
Net Buy
1 txn
Insider
Karras Sydnie
Role
null
Bought
17,000 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 17,000 | $1.44 | $24K |
Holdings After Transaction:
Class A Common Stock — 17,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 17,000 shares
Purchase price: $1.44 per share
Post-transaction holdings: 17,000 shares
3 metrics
Shares purchased
17,000 shares
Class A common stock acquired June 17, 2026
Purchase price
$1.44 per share
Private placement under Securities Purchase Agreement
Post-transaction holdings
17,000 shares
Total direct ownership after June 17, 2026 transaction
Key Terms
Securities Purchase Agreement, private placement transaction, Section 4(a)(2)
3 terms
Securities Purchase Agreement financial
"acquired by the Reporting Person in a private placement transaction pursuant to a Securities Purchase Agreement dated June 17, 2026"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
private placement transaction financial
"were acquired by the Reporting Person in a private placement transaction pursuant to a Securities Purchase Agreement"
Section 4(a)(2) regulatory
"The acquisition was exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
FAQ
What did BuzzFeed (BZFD) director Sydnie Karras do in this Form 4?
Sydnie Karras purchased 17,000 shares of BuzzFeed Class A common stock. The shares were acquired in a private placement at $1.44 per share under a Securities Purchase Agreement dated June 17, 2026, and are held as a direct ownership position.