BuzzFeed (NASDAQ: BZFD) CEO logs RSU vesting, tax withholding and 20,994-share holding
Rhea-AI Filing Summary
BuzzFeed, Inc. Chief Executive Officer Jonah Peretti reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 14, 2026, RSUs vested and were converted into 35,694 shares of Class A common stock through derivative exercises at a conversion price of $0.00 per share. Of these, 14,700 shares, valued at $1.33 per share, were withheld to cover taxes due on the RSU settlement, a non‑market “F” code disposition. Following these transactions, Peretti held 20,994 shares of Class A common stock directly. A footnote states that 25,453 RSUs settled on the transaction date and that 50,908 additional RSUs remain scheduled to vest in equal quarterly installments on the 1st of August, November, February and May, subject to his continued service.
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Insights
BuzzFeed’s CEO recorded RSU vesting with tax withholding, not open‑market trading.
Jonah Peretti’s Form 4 shows RSUs vesting into 35,694 shares of BuzzFeed, Inc. Class A common stock on May 14, 2026, with a conversion price of $0.00. This is standard equity compensation rather than a discretionary stock purchase or sale.
An F‑code entry covers 14,700 shares withheld at $1.33 per share to pay RSU‑related taxes. Such withholding is a mechanical step and not an open‑market sale, while Peretti’s direct holdings after these transactions total 20,994 shares.
Footnotes indicate 25,453 RSUs settled on the transaction date and 50,908 RSUs remain scheduled to vest in equal quarterly installments beginning on August 1, assuming continued service. Future company filings may update how much of this remaining RSU pool ultimately converts into common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,241 | $0.00 | -- |
| Exercise | Restricted Stock Units | 25,453 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,241 | $0.00 | -- |
| Exercise | Class A Common Stock | 25,453 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 14,700 | $1.33 | $20K |
Footnotes (1)
- These shares of Class A common stock reflect the vesting of restricted stock units ("RSUs") on May 14, 2026. Each RSU is convertible into a share of Issuer's Class A common stock on a 1-for-1 basis. Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers. 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. The RSU grant vested 100% of the total award on February 24, 2026. These RSUs do not expire; they either vest or are cancelled prior to the vesting date. 25,453 RSUs settled on the transaction date. The remaining 50,908 RSUs vest as to 1/12 of the total award quarterly in equal installments on the 1st of August, November, February and May thereafter.