STOCK TITAN

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.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

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.

New shares purchased 1,700,000 shares Class A common stock purchased by Allen Family Digital on September 11, 2026
Purchase price per share $1.06 per share Price paid by Allen Family Digital in the September 11, 2026 offering
Aggregate consideration $1,802,000 Total paid by Allen Family Digital for 1,700,000 BuzzFeed Class A shares
Shares outstanding after offering 85,457,227 shares BuzzFeed Class A common stock outstanding following closing of the September 11, 2026 offering
Shares beneficially owned 45,700,000 shares Class A shares held of record by Allen Family Digital, with shared beneficial ownership by Byron Allen Folks
Ownership percentage 53.5% Portion of BuzzFeed’s outstanding Class A common stock beneficially owned by Allen Family Digital
Schedule 13D regulatory
"This Amendment No. 2 to ... amends and supplements the Statement on filed"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficial ownership financial
"The ownership information set forth herein represents beneficial ownership of the Class A Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Share Purchase Agreement financial
"the Issuer entered into a Share Purchase Agreement (the "September 2026 Share Purchase Agreement") with AFD"
A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.
Form S-3 regulatory
"the Issuer shall file with the SEC a registration statement on Form S-3 covering the resale"
Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.
working capital financial
"AFD used working capital to purchase the Class A Common Stock"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BuzzFeed (BZFD) shares does Allen Family Digital now own?

Allen Family Digital, LLC is the record holder of 45,700,000 shares of BuzzFeed Class A common stock, representing approximately 53.5% of the outstanding Class A common stock based on 85,457,227 shares outstanding following the September 11, 2026 offering.

What new BuzzFeed (BZFD) share purchase is disclosed in this Schedule 13D/A?

On September 11, 2026, Allen Family Digital, LLC purchased 1,700,000 shares of BuzzFeed Class A common stock at $1.06 per share, for aggregate consideration of $1,802,000, in connection with a Share Purchase Agreement with BuzzFeed.

How was the BuzzFeed (BZFD) share purchase by Allen Family Digital funded?

Allen Family Digital, LLC used working capital to purchase the 1,700,000 BuzzFeed Class A shares at $1.06 per share, for a total of $1,802,000, in the September 11, 2026 offering.

What is BuzzFeed’s obligation regarding registration of the newly purchased shares?

BuzzFeed agreed that, following a request by the reporting person and within 60 days thereafter, it will file a Form S-3 registration statement with the SEC covering the resale of the 1,700,000 newly purchased Class A shares.

Does Byron Allen Folks personally share beneficial ownership of BuzzFeed (BZFD) shares?

Yes. The filing states that Byron Allen Folks is the sole member of Allen Family Digital, LLC and, as a result, may be deemed to share beneficial ownership of the 45,700,000 BuzzFeed Class A shares held of record by Allen Family Digital.

What voting and dispositive power does Allen Family Digital have over BuzzFeed (BZFD) shares?

Allen Family Digital, LLC reports 0 shares with sole voting or dispositive power and 45,700,000 shares with shared voting and shared dispositive power over BuzzFeed Class A common stock, matching its reported beneficial ownership position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Limited Liability Company


SCHEDULE 13D






SCHEDULE 13D


Allen Family Digital, LLC
Signature:/s/ Byron Allen Folks
Name/Title:Byron Allen Folks, Manager
Date:09/15/2026
Byron Allen Folks
Signature:/s/ Byron Allen Folks
Name/Title:Byron Allen Folks
Date:09/15/2026

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