BuzzFeed (BZFDW) Insider Files Form 144 to Sell 150,000 Common Shares
Rhea-AI Filing Summary
Form 144 notice reports a proposed sale of 150,000 common shares of the issuer through Merrill Lynch with an aggregate market value of $299,223.37. The filing lists 35,693,897 shares outstanding and an approximate sale date of 09/11/2025. The shares to be sold were acquired on multiple dates as compensation from Adam Rothstein between 2020 and 2025, with individual grant dates and amounts recorded in the filing. The form states there were no securities sold by the reporting person in the past three months. Certain issuer contact and filer CIK/CCC details are not provided in the visible content.
Positive
- Clear disclosure of number of shares, broker, aggregate market value, and approximate sale date
- Acquisition history detailed with dates and amounts showing the shares were received as compensation
- No securities sold in past three months by the reporting person as stated in the filing
Negative
- Filer and issuer identifiers are not provided in the supplied excerpt (CIK/CCC and issuer contact fields are blank)
- Proposed insider sale of 150,000 shares may be viewed negatively by some investors due to supply pressure
Insights
TL;DR Insider intends to sell 150,000 common shares via a major broker; acquisition history shows multiple compensation grants.
The filing documents a proposed open-market sale of 150,000 common shares through Merrill Lynch at an indicated aggregate market value of $299,223.37 with an approximate trade date of 09/11/2025. The securities were acquired in numerous compensation grants from Adam Rothstein spanning 2020–2025, which means the sale represents distribution of previously granted compensation rather than a secondary share issuance by the company. The filing also explicitly shows no sales by the reporting person in the prior three months, which is relevant for assessing recent insider activity.
TL;DR Routine Rule 144 disclosure of insider sale; documentation appears complete on grant history but omits some issuer/filer identifiers in the provided excerpt.
The submission complies with Rule 144 disclosure format by identifying the class, broker, number of shares, market value, outstanding shares and acquisition history by date and nature (compensation). The form includes the statutory representation that the seller is unaware of undisclosed material adverse information. The excerpt lacks visible filer CIK/CCC and issuer contact fields, so full verification of filing parties is not possible from the supplied text.