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beginning on February 16, 2023. On May 6, 2024, the 6,478,031 shares of Class A Common Stock held by Ventures were
automatically combined into 1,619,508 shares pursuant to the Class A Common Stock reverse stock split, described in the Current Report on Form 8-K filed by BuzzFeed on May 2, 2024. Ventures
subsequently sold 977,286 shares of Class A Common Stock. Ventures is a direct wholly owned subsidiary of Verizon, and by virtue of this relationship, Verizon may be deemed to have shared power to vote and dispose of, or to direct the vote and
disposition of, the 642,222 shares of Class A Common Stock beneficially owned by Ventures.
In addition, as of September 30, 2024, MCICS was the direct beneficial owner of 1,250,000 shares of Class A Common Stock. MCICS is a direct wholly
owned subsidiary of MCII. MCII is a direct wholly owned subsidiary of VBNS. VBNS is a direct wholly owned subsidiary of VBG. VBG is a direct wholly owned subsidiary of Verizon. By virtue of the relationships among such companies, each of them may be
deemed to have shared power to vote and dispose of, or to direct the vote and disposition of, the 1,250,000 shares of Class A Common Stock beneficially owned by MCICS.
(b) Percent of class:
The responses of the reporting persons to Row (11) of the cover pages of this Amendment No. 3 to Schedule 13G are incorporated herein by reference.
Calculations of the percentage of shares of Class A Common Stock beneficially owned are based on 36,657,702 shares of Class A Common Stock outstanding as of November 8, 2024, as reported in BuzzFeeds Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024.
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote, (ii) shared power to vote or to direct the vote, (iii) sole power to dispose or to direct the
disposition, and (iv) shared power to dispose or to direct the disposition, in each case are incorporated by reference from the responses of the reporting persons to Rows (5) through (8) of the cover pages of this Amendment No. 3 to
Schedule 13G and Item 4(a) hereof. |