Form 4: BuzzFeed Director Patrick Kerins Sells Shares in Open Market Transactions

Director Patrick J. Kerins of BuzzFeed, Inc. (BZFD) executed multiple sales of Class A Common Stock between March 4th and March 6th, 2025, according to a Form 4 filing with the SEC.

Summary

• Patrick J. Kerins, a director at BuzzFeed, Inc., reported the sale of Class A Common Stock in a Form 4 filing with the SEC.
• The transactions occurred between March 4, 2025, and March 6, 2025.
• A total of 1,438 shares were sold on March 4th at an average price of $2.071 per share.
• On March 5th, 8,966 shares were sold at an average price of $2.0372 per share.
• On March 6th, 11,127 shares were sold at an average price of $2.1005 per share.
• Following these transactions, Kerins indirectly beneficially owns 3,811,942 shares of Class A Common Stock through NEA 13.
• The filing also includes a Power of Attorney document, granting authority to Zachary Bambach, Nicole Hatcher, and Stephanie Brecher to act on behalf of several individuals, including Patrick J. Kerins, in matters related to securities filings.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider. It provides transparency to the market regarding the buying and selling activities of individuals with access to non-public information.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.

Key Dates