Form 4: Coleman Settles 11,897 RSUs into BZFD Class A Shares
Rhea-AI Filing Summary
Gregory Coleman, a director of BuzzFeed, Inc. (BZFD), reported the vesting and settlement of restricted stock units into common shares on 09/01/2025. The filing shows 11,897 RSUs fully vested and were settled as Class A common stock at no cash price. After the settlement the report lists Mr. Coleman as beneficially owning 363,787 shares in total, including several indirect holdings held in family trusts for which he disclaims beneficial ownership except for any pecuniary interest. The transaction was reported on Form 4 and reflects issuance/settlement of equity awards rather than a purchase or sale.
Positive
- 11,897 RSUs vested and were settled as Class A common stock, increasing issued shares to the reporting person without a sale
- Report increases transparency by specifying direct and indirect holdings totaling 363,787 shares, including trusts and disclaimers of beneficial ownership
Negative
- None.
Insights
TL;DR: Routine equity award vesting settled into 11,897 shares; no sale or purchase reported, modest change to insider's stake.
The filing documents the mechanical conversion of RSUs into shares on 09/01/2025 with a $0 settlement price, which is typical for vested employee/director awards. The reported total beneficial ownership of 363,787 shares provides transparency on the director's stake after the settlement. There is no cash transaction or disposition that would signal insider selling activity, so the event is informational and not a liquidity or governance signal.
TL;DR: Standard disclosure of vested equity and trust holdings; disclosures about trusts limit perceived control implications.
The report appropriately discloses direct ownership and multiple indirect holdings through family trusts where Mr. Coleman disclaims beneficial ownership except to the extent of pecuniary interest. That language clarifies voting/beneficial-power questions for Section 16 purposes. The transaction code and remarks indicate standard vesting mechanics and no expiration for the RSUs prior to vesting, consistent with typical compensation plans.