Form 4: BuzzFeed Director Angela Acharia Disposes of Class A Shares
Rhea-AI Filing Summary
Angela Acharia, a director of BuzzFeed, Inc. (symbol BZFD/BZFDW), reported sales of Class A common stock on September 3-4, 2025. She sold 67,985 shares on September 3 in multiple trades at a weighted average price of $1.88 (range $1.88–$1.8802) and sold 100 shares on September 4 at $1.88. After the reported transactions she beneficially owned 94,633 and then 94,533 shares directly. An additional 563 shares are held of record by A Series Investments, LLC, for which she is Founder and CEO and may be deemed to have indirect ownership, subject to her disclaimer of beneficial ownership except to her pecuniary interest.
Positive
- None.
Negative
- Director sold 67,985 shares on 09/03/2025 and an additional 100 shares on 09/04/2025, reducing direct ownership.
- Sales executed at ~ $1.88 per share, indicating insider dispositions at a low, consistent price range.
Insights
TL;DR Director sold ~68,085 Class A shares at ~$1.88, modestly reducing her direct stake; transactions are routine insider sales.
The reporting shows a material insider sale in absolute share count but not enough context here to assess impact on company valuation. The sales occurred over two days at essentially the same price, suggesting execution rather than a strategic exit. The disclosure of indirect holdings via A Series Investments, LLC, is standard; the filer disclaims beneficial ownership beyond pecuniary interest. No derivative transactions or additional changes to compensation or option holdings are reported.
TL;DR Insider director sold a meaningful block of Class A shares and disclosed indirect holdings through an affiliated LLC with a standard disclaimer.
From a governance perspective, the filing is properly executed and signed by an attorney-in-fact, and the explanatory footnotes provide the required detail on prices and the reporting structure. The filing does not show any related-party transfers, option exercises, or planned-sale box checked; it therefore reads as a straightforward open-market disposition. The limited remaining direct and indirect holdings are disclosed transparently.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 100 | $1.88 | $188.00 |
| Sale | Class A Common Stock | 67,985 | $1.88 | $128K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- On September 3, 2025, the Reporting Person sold these shares in multiple trades at prices ranging from $1.88 to $1.8802. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected. On September 4, 2025, the Reporting Person sold these shares in a single trade at a price of $1.88. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the transaction. Held of record by A Series Investments, LLC. Ms. Acharia is the Founder and Chief Executive Officer of A Series Investments, LLC and therefore may be deemed to beneficially own all of the shares held of record thereby; however, Ms. Acharia disclaims beneficial ownership except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
