BuzzFeed entered into a Share Purchase Agreement with Allen Family Digital, LLC, an affiliate of Byron Allen’s family office, to issue and sell 4,300,000 newly issued shares of Class A common stock. The transaction was priced at $1.09 per share, representing the closing price on September 22, 2026, providing approximately $4.7 million in consideration. This related-party transaction was approved by four disinterested directors and the audit committee after Byron Allen Folks abstained from voting due to his interest as Chairman of BuzzFeed's Board and Founder/CEO of the Purchaser. The issuance is exempt from registration under Section 4(a)(2) of the Securities Act. BuzzFeed operates in the digital media industry, creating and distributing news, entertainment, and lifestyle content online.
