BuzzFeed (BZFD) CLO David Arroyo settles RSUs and withholds 17,370 shares for tax
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,729 shares
Net Buy
5 txns
Insider
Arroyo David
Role
CLO
| 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 |
Holdings After Transaction:
Restricted Stock Units — 125,674 shares (Direct);
Class A Common Stock — 254,512 shares (Direct)
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
RSUs settled and converted: 25,146 RSUs
Additional RSUs settled: 17,953 RSUs
Shares withheld for taxes: 17,370 shares at $1.13
+2 more
5 metrics
RSUs settled and converted
25,146 RSUs
RSUs vested on May 19, 2026 and settled into Class A common stock on August 11, 2026
Additional RSUs settled
17,953 RSUs
RSUs settled on August 11, 2026 into Class A common stock
Shares withheld for taxes
17,370 shares at $1.13
Class A shares withheld to pay taxes on RSU settlement
Remaining RSUs under award
125,674 RSUs
Vest 1/12 of total quarterly on the 1st of November, February, May and August
Total derivative exercises
43,099 RSUs
Total RSUs exercised/settled in this filing per transaction summary
Key Terms
Restricted Stock Units, contingent right to receive, service provider, vest
4 terms
Restricted Stock Units financial
"These shares of Class A common stock reflect the settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right to receive financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A"
service provider financial
"subject to the Reporting Person's continued status as a service provider to the Issuer"
vest financial
"17,953 RSUs settled on the transaction date. The remaining 125,674 RSUs vest as to 1/12"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did BuzzFeed (BZFD) CLO David Arroyo report in this Form 4?
David Arroyo reported RSU settlements into Class A common stock on August 11, 2026, including share issuances and shares withheld to cover tax obligations tied to those equity awards.
What is the remaining RSU vesting schedule for BuzzFeed (BZFD) CLO David Arroyo?
After this settlement, 125,674 RSUs remain from one award, vesting as 1/12 of the total quarterly on the 1st of November, February, May, and August, subject to continued service.
Were David Arroyo’s BuzzFeed (BZFD) transactions under a Rule 10b5-1 plan?
The filing shows the Rule 10b5-1 checkbox was not marked as applicable, indicating these equity-settlement and tax-withholding transactions were not reported as executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
