BuzzFeed CLO settles RSUs, withholds shares for tax
BuzzFeed, Inc. CLO David Arroyo reported the settlement of restricted stock units into Class A common stock.
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Rhea-AI Filing Summary
BuzzFeed, Inc. CLO David Arroyo reported the settlement of restricted stock units into Class A common stock. On August 11, 2026, 25,146 RSUs that had vested on May 19, 2026 and 17,953 additional RSUs converted 1-for-1 into Class A shares at a conversion price of $0.00 per share. In connection with this RSU settlement, 17,370 Class A shares at $1.13 per share were withheld to pay taxes. Following this transaction, the related award has no RSUs remaining, and 125,674 RSUs from another award continue to vest in equal quarterly installments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 25,146 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F6, F7 | 17,953 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 25,146 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 17,953 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 17,370 | $1.13 | $20K |
Footnotes (7)
- F1. These shares of Class A common stock reflect the settlement of restricted stock units ("RSUs") on August 11, 2026. Each RSU is convertible into a share of Issuer's Class A common stock on a 1-for-1 basis.
- F2. Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers.
- 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. 25,146 RSUs vested on May 19, 2026. Following this settlement, no RSUs remain outstanding under the award.
- F5. Not applicable.
- F6. 17,953 RSUs settled on the transaction date. The remaining 125,674 RSUs vest as to 1/12 of the total award quarterly in equal installments on the 1st of November, February, May and August thereafter.
- F7. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right to receive financial
service provider financial
vest financial
FAQ
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What did BuzzFeed (BZFD) CLO David Arroyo report in this Form 4?
What is the remaining RSU vesting schedule for BuzzFeed (BZFD) CLO David Arroyo?
Were David Arroyo’s BuzzFeed (BZFD) transactions under a Rule 10b5-1 plan?
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