Form 4: NEA 13 Sells BuzzFeed Shares in Multiple Transactions
SEC Form 4 Filing
New Enterprise Associates 13, L.P. (NEA 13) and related entities reported the sale of BuzzFeed, Inc. Class A Common Stock in a series of transactions between March 4 and March 6, 2025.
Summary
- New Enterprise Associates 13, L.P. (NEA 13), along with related entities, filed a Form 4 detailing changes in beneficial ownership of BuzzFeed, Inc. (BZFD) Class A Common Stock.
- Between March 4 and March 6, 2025, NEA 13 sold shares in multiple transactions at weighted average prices ranging from $2.03 to $2.10 per share.
- The total number of shares sold was 1,438 on March 4, 8,966 on March 5, and 11,127 on March 6.
- Following these transactions, NEA 13 directly holds 3,811,942 shares of Class A Common Stock.
- The filing also includes a Power of Attorney document, granting Zachary Bambach, Nicole Hatcher, and Stephanie Brecher the authority to act on behalf of several individuals related to NEA 13 for SEC filings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by significant shareholders, directors, and officers, providing transparency to the market.
Stakeholder Impact
- The sale of shares by a major shareholder like NEA 13 could potentially influence investor sentiment and the stock price of BuzzFeed.
Key Dates
| Date | Description |
|---|---|
| 2024/02/29 | Date of Power of Attorney |
| 2024/05/06 | BuzzFeed effected a 1-for-4 reverse stock split |
| 2025/03/04 | Date of first reported transaction |
| 2025/03/05 | Date of second reported transaction |
| 2025/03/06 | Date of third reported transaction |
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