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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
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)
12430A 102
(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:
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☐
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Rule 13d-1(b)
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☒
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Rule 13d-1(c)
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☐
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Rule 13d-1(d)
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*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 the disclosures provided in a prior cover page.
The information required in 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).
13G/A
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CUSIP No. 12430A 102
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1
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NAMES OF REPORTING PERSONS
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HDS II, Inc.
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||||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
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(a)☒
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|||||
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(b)☐
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|||
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3
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SEC USE ONLY
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||||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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5,000,000
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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5,000,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,000,000
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||||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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3.62%, calculated on the basis of there being 138,228,523 shares of Class A common stock outstanding as of November 1, 2023, as disclosed in Issuer’s
10-Q filed November 3, 2023
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|||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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||||
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CUSIP No. 12430A 102
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1
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NAMES OF REPORTING PERSONS
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Hearst Communications, Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
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(a)☒
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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11,494,795
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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11,494,795
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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11,494,795
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.32%, calculated on the basis of there being 138,228,523 shares of Class A common stock outstanding as of November 1, 2023, as disclosed in Issuer’s
10-Q filed November 3, 2023
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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CUSIP No. 12430A 102
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1
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NAMES OF REPORTING PERSONS
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Hearst Holdings, Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☒
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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11,494,795
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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11,494,795
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||||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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11,494,795
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|||
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||||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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|||
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.32%, calculated on the basis of there being 138,228,523 shares of Class A common stock outstanding as of November 1, 2023, as disclosed in Issuer’s
10-Q filed November 3, 2023
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|||
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||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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CUSIP No. 12430A 102
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1
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NAMES OF REPORTING PERSONS
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The Hearst Corporation
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
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(a)☒
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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|||
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||||
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6
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SHARED VOTING POWER
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11,494,795
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|||
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||||
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7
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SOLE DISPOSITIVE POWER
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|||
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||||
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8
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SHARED DISPOSITIVE POWER
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11,494,795
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|||
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||||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
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11,494,795
|
|
|
|||
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||||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
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||
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☐
|
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|||
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
8.32%, calculated on the basis of there being 138,228,523 shares of Class A common stock outstanding as of November 1, 2023, as disclosed in Issuer’s
10-Q filed November 3, 2023
|
|
|
|||
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||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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|||
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||||
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CUSIP No. 12430A 102
|
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1
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NAMES OF REPORTING PERSONS
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The Hearst Family Trust
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|||
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||||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
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(a)☒
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|||||
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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California
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|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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|||
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||||
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6
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SHARED VOTING POWER
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11,494,795
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|||
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||||
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7
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SOLE DISPOSITIVE POWER
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|||
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||||
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8
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SHARED DISPOSITIVE POWER
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11,494,795
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|||
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||||
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9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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||
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11,
494,795
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|
|
|||
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|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
|
|
|||
|
|
|
||||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
8.32%, calculated on the basis of there being 138,228,523 shares of Class A common stock outstanding as of November 1, 2023, as disclosed in Issuer’s
10-Q filed November 3, 2023
|
|
|
|||
|
|
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||||
|
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO (testamentary trust)
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CUSIP No. 12430A 102
ITEM 1.
| (a) |
Name of Issuer: BuzzFeed, Inc.
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| (b) |
Address of Issuer's Principal Executive Offices:
229 West 43rd Street, New York, NY 10036
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ITEM 2.
| (a) |
Name of Person Filing: This Statement is filed on
behalf of each of the following persons:
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| 1. |
HDS II, Inc., a Delaware corporation (“HDS II”);
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| 2. |
Hearst Communications, Inc., a Delaware corporation (“HCI”);
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| 3. |
Hearst Holdings, Inc., a Delaware corporation (“HHI”);
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| 4. |
The Hearst Corporation, a Delaware corporation (“THC”); and
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| 5. |
The Hearst Family Trust, a testamentary trust (the “Trust”).
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| (b) |
Address of Principal Business Office, or if None, Residence: The principal business office of each of HDS II, HCI, HHI, THC, and the Trust is 300 West 57th Street, New York, New York 10019.
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| (c) |
Citizenship: Each of HDS II, HCI, HHI and THC is a
Delaware corporation. The Trust is a testamentary trust that was probated in California.
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| (d) |
Title of Class of Securities: Class A Common Stock,
par value $0.0001 per share
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| (e) |
CUSIP Number: 12430A 102
|
ITEM 3. IF THIS
STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
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(a)
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☐
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
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(b)
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☐
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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☐ |
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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☐
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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☐
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An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
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(f)
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☐
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An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
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(g)
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☐
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A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G);
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(h)
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☐
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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☐
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
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(j)
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☐
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Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
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Not applicable.
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) |
Amount beneficially owned: HDS II is the beneficial
owner of 5,000,000 shares of Class A Common Stock of the Issuer, and HCI is the beneficial owner of 6,494,795 shares of Class A Common Stock of the Issuer. Pursuant to the definition of "beneficial owner" set forth in Rule 13d-3 under the
Securities Exchange Act of 1934, as amended, each of HDS II, HCI, HHI, THC and the Trust may be deemed to beneficially own such securities. HCI has the power to direct the voting and disposition of the Class A Common Stock of the Issuer
held by HDS II as the controlling stockholder of HDS II. HHI has the power to direct the voting and disposition of the Class A Common Stock of the Issuer held by HDS II and HCI as the controlling stockholder of HCI. THC has the power to
direct the voting and disposition of the Class A Common Stock of the Issuer held by HDS II and HCI as the controlling stockholder of HHI. The Trust has the power to direct the voting and disposition of the Class A Common Stock of the
Issuer held by HDS II and HCI as the controlling stockholder of THC. Accordingly, for purposes of this Statement, (i) each of HDS II and HCI is reporting that it shares the power to direct the voting and disposition of the Class A Common
Stock of the Issuer directly owned by it and (ii) HCI (solely for purposes of shares beneficially owned by HDS II), HHI, THC and the Trust are reporting that they share the power to direct the voting and disposition of the Class A Common
Stock of the Issuer held by HDS II and HCI beneficially owned by HDS II and/or HCI.
|
| (b) |
Percent of class:
|
HDS II: 3.62%
HCI: 8.32%
HHI: 8.32%
THC: 8.32%
Trust: 8.32%
| (c) |
Number of shares as to which such person has:
|
HDS II
| (i) |
Sole power to vote or to direct the vote:
|
| (ii) |
Shared power to vote or to direct the vote: 5,000,000
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| (iii) |
Sole power to dispose or to direct the disposition of:
|
| (iv) |
Shared power to dispose or to direct the disposition of: 5,000,000
|
HCI
| (i) |
Sole power to vote or to direct the vote:
|
| (ii) |
Shared power to vote or to direct the vote: 11,494,795
|
| (iii) |
Sole power to dispose or to direct the disposition of:
|
| (iv) |
Shared power to dispose or to direct the disposition of: 11,494,795
|
HHI
| (i) |
Sole power to vote or to direct the vote:
|
| (ii) |
Shared power to vote or to direct the vote: 11,494,795
|
| (iii) |
Sole power to dispose or to direct the disposition of:
|
| (iv) |
Shared power to dispose or to direct the disposition of: 11,494,795
|
THC
| (i) |
Sole power to vote or to direct the vote:
|
| (ii) |
Shared power to vote or to dir
ect the vote: 11,494,795
|
| (iii) |
Sole power to dispose or to direct the disposition of:
|
| (iv) |
Shared power to dispose or to direct the disposition of: 11,494,795
|
Trust
| (i) |
Sole power to vote or to direct the vote:
|
| (ii) |
Shared power to vote or to direct the vote: 11,494,795
|
| (iii) |
Sole power to dispose or to direct the disposition of:
|
| (iv) |
Shared power to dispose or to direct the disposition of: 11,494,795
|
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.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
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.
SIGNATURE
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: February 9, 2024
|
HDS II, INC.
|
|
By:
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/s/ Mitchell I. Scherzer
|
|
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Name:
|
Mitchell I. Scherzer
|
|
|
Title:
|
President
|
|
HEARST COMMUNICATIONS, INC
|
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By:
|
/s/ Mitchell I. Scherzer
|
|
|
Name:
|
Mitchell I. Scherzer
|
|
|
Title:
|
Executive Vice President and Chief Financial Officer
|
|
HEARST HOLDINGS, INC.
|
|
By:
|
/s/ Mitchell I. Scherzer
|
|
|
Name:
|
Mitchell I. Scherzer
|
|
|
Title:
|
Executive Vice President and Chief Financial Officer
|
|
THE HEARST CORPORATION
|
|
By:
|
/s/ Mitchell I. Scherzer
|
|
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Name:
|
Mitchell I. Scherzer
|
|
|
Title:
|
Executive Vice President and Chief Financial Officer
|
|
THE HEARST FAMILY TRUST
|
|
By:
|
/s/ Mitchell I. Scherzer
|
|
|
Name:
|
Mitchell I. Scherzer
|
|
|
Title:
|
Trustee
|
LIST OF EXHIBITS
|
Exhibit
No.
|
Description
|
|
|
A
|
Joint Filing Agreement (incorporated by reference to
Exhibit A Schedule 13G filed by the Reporting Persons on December 3, 2021)
|