Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
BuzzFeed, Inc |
(Name of Issuer) |
Class A common stock, par value $0.0001 per share |
(Title of Class of Securities) |
12430A102 |
(CUSIP Number) |
December 31, 2023 |
(Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ | Rule 13d-1(b) | |
☒ | Rule 13d-1(c) | |
☐ | Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 12430A102 | SCHEDULE 13G | Page 2 of 20 |
1 |
NAME OF REPORTING PERSON
General Atlantic, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER 0 | |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 3 of 20 |
1 |
NAME OF REPORTING PERSON
General Atlantic Partners 93, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 4 of 20 |
1 |
NAME OF REPORTING PERSON
GAPCO GmbH & Co. KG |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Germany |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 5 of 20 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments III, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 6 of 20 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments IV, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 7 of 20 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments V, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 8 of 20 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments CDA, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 9 of 20 |
1 |
NAME OF REPORTING PERSON
General Atlantic (SPV) GP, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 10 of 20 |
1 |
NAME OF REPORTING PERSON
GAPCO Management GmbH |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Germany |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
CO |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 11 of 20 |
1 |
NAME OF REPORTING PERSON
General Atlantic GenPar, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 12 of 20 |
1 |
NAME OF REPORTING PERSON
General Atlantic BF, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
0 | |
7 |
SOLE DISPOSITIVE POWER
0 | |
8 |
SHARED DISPOSITIVE POWER
0 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
|
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 13 of 20 |
Item 1. | (a) | NAME OF ISSUER |
BuzzFeed, Inc. (the “Company”). | ||
(b) | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES | |
229 West 43rd Street, New York, NY 10036 | ||
Item 2. | (a) | NAMES OF PERSONS FILING |
This Statement is being filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
(i) | General Atlantic, L.P. (“GA LP”); | |
(ii) | General Atlantic Partners 93, L.P. (“GAP 93”); | |
(iii) | GAPCO GmbH & Co. KG (“GAPCO GmbH”); | |
(iv) | GAP Coinvestments III, LLC (“GAPCO III”); | |
(v) | GAP Coinvestments IV, LLC (“GAPCO IV”); | |
(vi) | GAP Coinvestments V, LLC (“GAPCO V”); | |
(vii) | GAP Coinvestments CDA, L.P. (“GAPCO CDA”); | |
(viii) | General Atlantic (SPV) GP, LLC (“GA SPV”); | |
(ix) | GAPCO Management GmbH (“GAPCO Management”); | |
(x) | General Atlantic GenPar, L.P. (“GA GenPar”); and | |
(xi) | General Atlantic BF, L.P. (“GA BF”). |
GA 93, GAPCO GmbH, GAPCO III, GAPCO IV, GAPCO V, and GAPCO CDA are collectively referred to as the “GA Funds.”
CUSIP No. 12430A102 | SCHEDULE 13G | Page 14 of 20 |
(b) | ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE |
The mailing address of GA LP, GAP 93, GAPCO III, GAPCO IV, GAPCO V, GAPCO CDA, GA SPV, GA GenPar, and GA BF is c/o General Atlantic Service Company, L.P., 55 East 52nd Street, 33rd Floor, New York, NY 10055. The mailing address of GAPCO GmbH and GAPCO Management is c/o General Atlantic GmbH, Luitpoldblock, Amiraplatz 3, 80333 München, Germany.
(c) | CITIZENSHIP |
(i) | GA LP - Delaware | ||
(ii) | GAP 93 - Delaware | ||
(iii) | GAP GmbH - Germany | ||
(iv) | GAPCO III - Delaware | ||
(v) | GAPCO IV - Delaware | ||
(vi) | GAPCO V - Delaware | ||
(vii) | GAPCO CDA - Delaware | ||
(viii) | GA SPV - Delaware | ||
(ix) | GAPCO Management - Germany | ||
(x) | GA GenPar - Delaware | ||
(xi) | GA BF - Delaware | ||
(d) | TITLE OF CLASS OF SECURITIES | ||
Class A common stock, par value $0.0001 per share (the “common shares”).
(e) | CUSIP NUMBER |
12430A102.
CUSIP No. 12430A102 | SCHEDULE 13G | Page 15 of 20 |
Item 3. | IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS: |
Not applicable.
Item 4. | OWNERSHIP. |
As of the date hereof, none of the Reporting Persons beneficially owns any of the Company’s common stock.
Item 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.
Item 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
Not applicable.
Item 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY |
Not applicable.
Item 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
See Item 2, which states the identity of the members of the group filing this Schedule 13G.
Item 9. | NOTICE OF DISSOLUTION OF GROUP |
Not applicable.
Item 10. | CERTIFICATION |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
CUSIP No. 12430A102 | SCHEDULE 13G | Page 16 of 20 |
Exhibit Index
Exhibit 1. | Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (previously filed). |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 17 of 20 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated as of February 13, 2024
GENERAL ATLANTIC, L.P. | ||||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
GENERAL ATLANTIC PARTNERS 93, L.P. | ||||
By: | GENERAL ATLANTIC GENPAR, L.P., its general partner | |||
By: | GENERAL ATLANTIC, L.P., its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAPCO GmbH & CO. KG | ||||
By: | GAPCO MANAGEMENT GmbH., its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 18 of 20 |
GAP COINVESTMENTS III, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its managing member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
GAP COINVESTMENTS IV, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its managing member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAP COINVESTMENTS V, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its managing member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAP COINVESTMENTS CDA, L.P. | ||||
By: | GENERAL ATLANTIC, L.P., its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
CUSIP No. 12430A102 | SCHEDULE 13G | Page 19 of 20 |
GENERAL ATLANTIC (SPV) GP, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its sole member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
GAPCO MANAGEMENT GmbH | ||||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
GENERAL ATLANTIC GENPAR, L.P. | ||||
By: | GENERAL ATLANTIC, L.P., its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
CUSIP No. 12430A102 | SCHEDULE 13G | Page 20 of 20 |
GENERAL ATLANTIC BF, L.P. | ||||
By:
By:
|
GENERAL ATLANTIC (SPV) GP, LLC, its general partner
GENERAL ATLANTIC, L.P., its sole member |
|||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
SCHEDULE A
Members of the Management Committee (as of the date hereof)
Name | Business Address | Citizenship |
William E. Ford (Chief Executive Officer) |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Gabriel Caillaux |
23 Savile Row London W1S 2ET United Kingdom |
France |
Andrew Crawford |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Martin Escobari |
55 East 52nd Street 33rd Floor New York, New York 10055 |
Bolivia and Brazil |
Anton J. Levy |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Sandeep Naik |
Marina Bay Financial Centre Tower 1 8 Marina Boulevard, #17-02 018981, Singapore |
United States |
J. Albert Smith |
535 Madison Ave, 31st Floor New York, New York 10022 |
United States |
Graves Tompkins |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Lance D. G. Uggla |
23 Savile Row London W1S 2ET United Kingdom |
United Kingdom and Canada |
N. Robbert Vorhoff |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Eric Zhang |
Suite 5704-5706, 57F Two IFC, 8 Finance Street Central, Hong Kong, China |
Hong Kong SAR |