BuzzFeed sells 4.3M shares to Allen Family Digital
After closing, Allen Family Digital held 50,000,000 shares, representing approximately 55.7% of BuzzFeed’s outstanding Class A common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
BuzzFeed, Inc. sold 4,300,000 shares of Class A common stock to Allen Family Digital, LLC on September 23, 2026, at $1.09 per share, for aggregate consideration of $4,687,000. Allen Family Digital used working capital for the purchase. Following the closing, the LLC held of record 50,000,000 shares, representing approximately 55.7% of the 89,767,227 shares of Class A common stock outstanding. Byron Allen Folks, the LLC’s sole member, may be deemed to share beneficial ownership of the shares held of record by the LLC. Following a request by the Reporting Person, BuzzFeed is to file a Form S-3 registration statement covering resale of the 4,300,000 purchased shares as promptly as reasonably practicable and within 60 days after the request.
Filing Explained
The amendment specifies that Allen Family Digital, LLC and Byron Allen Folks each report shared voting and disposition power over 50,000,000 shares, with zero sole power—clarifying that their disclosed ownership includes shared authority to vote and dispose of the shares.
Key Figures
Key Terms
aggregate consideration financial
beneficial ownership regulatory
working capital financial
registration statement on Form S-3 regulatory
FAQ
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What percentage of BZFD did Allen Family Digital own after the purchase?
AI-generated analysis. How Rhea-AI works. Not financial advice.