BuzzFeed (BZFD) CLO settles 25,144 RSUs, withholds shares for taxes
Rhea-AI Filing Summary
BuzzFeed, Inc. CLO David Arroyo reported equity compensation activity involving restricted stock units (RSUs) and Class A common stock. On March 9, 2026, 25,144 RSUs were settled into 25,144 shares of Class A common stock at no cash exercise price, reflecting routine vesting.
To cover taxes on this RSU settlement, 11,466 Class A shares were withheld, a non-market disposition that does not represent an open-market sale. After these transactions, Arroyo directly held 161,004 shares of Class A common stock and 50,292 RSUs. According to the vesting schedule, one-half of the remaining 50,292 RSUs vested in February 2026 and will settle on the company’s next equity release date, while the other half is scheduled to vest on May 19, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; no open-market trading.
BuzzFeed CLO David Arroyo settled 25,144 RSUs into an equal number of Class A common shares on March 9, 2026. This is coded as an exercise/conversion event, typical for time-vested restricted stock units granted as compensation.
To satisfy tax obligations on the vesting, 11,466 shares were withheld, coded as a tax-withholding disposition rather than an open-market sale. Following these entries, Arroyo directly holds 161,004 Class A shares and 50,292 RSUs, with half of those RSUs already vested and the other half scheduled to vest on May 19, 2026.
The absence of open-market purchases or sales and the continued sizable equity and RSU position suggest routine compensation and tax mechanics rather than a change in outlook. Future company filings around the stated vesting and settlement dates may provide additional detail on subsequent RSU settlements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,144 | $0.00 | -- |
| Exercise | Class A Common Stock | 25,144 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 11,466 | $0.00 | -- |
Footnotes (1)
- These shares of Class A common stock reflect the settlement of restricted stock units ("RSUs") on March 9, 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. 1/2 of the remaining 50,292 RSUs vested in February 2026 and will settle on the Company's next equity release date. The remaining 1/2 of the RSUs will vest on May 19, 2026. Not applicable.