BuzzFeed, Inc.
5.42%
2,015,431
1828972
12430A300
Mar 26, 2025
Apr 1, 2025, 01:28 PM
Reporting Persons (2)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Edge One Capital Management LLC | Other | 5.42% | 2,015,431 | 0 | 2,015,431 |
| Varun Gupta | Individual | 5.42% | 2,015,431 | 0 | 2,015,431 |
Disclosure Items (7)
Class A Common Stock, par value $0.0001 per share
BuzzFeed, Inc.
229 West 43rd Street, 10th Floor, New York, NY, 10036
This statement is being filed by: i. Edge One Capital Management LLC ("Edge One"), a Delaware limited liability company; and ii. Varun Gupta ("Gupta"), an individual resident in the state of North Carolina. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
The residential or business addresses of the Reporting Persons are as follows: i. The address of the principal business and principal office of Edge One is 4242 Six Forks Road, Ste. 1550, Raleigh NC 27609; and ii. The address of Varun Gupta ("Gupta") is c/o Edge One Capital Management LLC, 4242 Six Forks Road, Ste. 1550, Raleigh NC 27609.
Information about the present principal occupation or employment of each of the Reporting Persons and the name, principal business and address of any corporation or other organization in which such employment is conducted is set forth below: i. Edge One's principal business is to serve as investment manager to certain funds and separately managed accounts (collectively, the "Edge One Funds"), including Edge One Capital LP, Edge One Capital Ltd., Edge One Endurance LP, Edge One Pioneer LP and Edge Oak LLC, and is located at 4242 Six Forks Road, Ste. 1550, Raleigh NC 27609; and ii. Gupta's principal occupation is to serve as the Chief Executive Officer and manager of Edge One located at 4242 Six Forks Road, Ste. 1550, Raleigh NC 27609.
During the last five years, none of the Reporting Persons has been (i) convicted in any criminal proceeding (excluding traffic violations and other similar misdemeanors) and (ii) has been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Mr. Gupta is a citizen of the United States.
The responses to Item 4, 5 and 6 of this Schedule 13D are incorporated herein by reference. The Subject Shares listed as being beneficially owned by Edge One and Gupta were purchased with capital from the Edge One Funds. The net investment costs (including commissions, if any) of the Common Stock directly owned by the Edge One Funds is $5,106,482.12, at an average price of approximately $2.53 per Share.
A. Edge One (a) Edge One beneficially owns 2,015,431 Shares. Percentage: Approximately 5.42% B. Gupta (a) Gupta beneficially owns 2,015,431 Shares. Percentage: Approximately 5.42%
A. Edge One 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,015,431 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 2,015,431 B. Gupta 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,015,431 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 2,015,431
A. Edge One Exhibit 99.2 filed herewith, which is incorporated by reference, describes the transactions in the Shares that were effected by the Reporting Persons for the benefit of the Edge One Funds during the past sixty days. B. Gupta Exhibit 99.2 filed herewith, which is incorporated by reference, describes the transactions in the Shares that were effected by the Reporting Persons for the benefit of the Edge One Funds during the past sixty days. Edge One, as the investment manager of the Edge One Funds, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) all of the Subject Shares. Mr. Gupta, as the managing member and chief investment officer of Edge One, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) all the Subject Shares.
Each of the Edge One Funds has the right to receive dividends from, and the proceeds from the sale of, the Subject Shares held directly by it. No other person is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Subject Shares.
Not applicable.
The Reporting Persons entered into a Joint Filing Agreement pursuant to which they agreed to the joint filing on behalf of each of them of this Schedule 13D (and any amendments thereto) with respect to the securities of the Issuer. Such Joint Filing Agreement is filed as Exhibit 99.1 hereto. The Edge One Funds may, from time to time, enter into and dispose of swaps, options or other derivative transactions with one or more counterparties that are based upon the value of Shares, which transactions may be significant in amount. The profit, loss and/or return on such contracts may be wholly or partially dependent on the market value of the Shares. The Shares are or may be held in the ordinary course with other investment securities owned by each of them in comingled margin accounts with a prime broker, which prime broker may, from time to time, extend margin credit to the Edge One Funds, subject to applicable federal margin regulations, stock exchange rules and credit policies. Certain of the Subject Shares were purchased using margin credit. Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
Exhibit 99.1 Joint Filing Agreement among the Reporting Persons as of March 31, 2025. Exhibit 99.2 Trading Data.