BuzzFeed sells 1.7M shares; Allen unit owns 53.5%
Allen Family Digital, led by Byron Allen Folks, now holds about 53.5% of BuzzFeed’s Class A stock after a September 2026 direct purchase.
Rhea-AI Filing Summary
BuzzFeed, Inc. (BZFD) reports that Allen Family Digital, LLC (AFD), controlled by Byron Allen Folks, has amended its ownership disclosure after purchasing additional Class A common stock directly from the company. On September 11, 2026, AFD bought 1,700,000 Class A shares at $1.06 per share, for aggregate consideration of $1,802,000, funded with working capital.
Following this transaction and based on 85,457,227 Class A shares outstanding, AFD is the record holder of 45,700,000 Class A shares, representing approximately 53.5% of the outstanding Class A common stock, with Byron Allen Folks deemed to share beneficial ownership. BuzzFeed agreed in a Share Purchase Agreement to file a Form S-3 resale registration for the 1,700,000 newly purchased shares within 60 days after a request from the reporting person.
Positive
- None.
Negative
- None.
Filing Explained
The amendment confirms that AFD and Byron Allen Folks collectively report shared voting and disposition power over 45,700,000 Class A shares, or 53.5% of the class; each reports zero sole voting or disposition power.
Key Figures
Key Terms
Schedule 13D regulatory
beneficial ownership financial
Form S-3 regulatory
working capital financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.