Precious W. Owodunni - Nov 3, 2021 Form 4 Insider Report for Switchback II Corp (SWBK)

Role
Director
Signature
/s/ Precious Williams Owodunni, by Jim Mutrie, as Attorney-in-Fact
Stock symbol
SWBK
Transactions as of
Nov 3, 2021
Transactions value $
$0
Form type
4
Date filed
11/3/2021, 04:29 PM
Previous filing
Oct 29, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SWBK Class A Ordinary Shares Other -5K -100% 0 Nov 3, 2021 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SWBK Class B Ordinary Shares Other -40K -100% 0 Nov 3, 2021 Class A Ordinary Shares 40K Direct F4, F5
transaction SWBK Warrants Other -1K -100% 0 Nov 3, 2021 Class A Ordinary Shares 1K $11.50 Direct F1, F3, F6, F7

Precious W. Owodunni is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes securities underlying 5,000 units of the Issuer purchased for $10.00 per unit. Each unit consists of one of the Issuer's Class A Ordinary Shares and one-fifth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one of the Issuer's Class A Ordinary Shares at an exercise price of $11.50 per share.
F2 In connection with the Issuer's business combination with Bird Rides, Inc. (the "Business Combination"), each Class A Ordinary Share of the Issuer was exchanged on a one-for-one basis for shares of Class A common stock of Bird Global, Inc., the combined company ("Bird Global").
F3 The price represents the closing price of the Issuer's units on November 3, 2021.
F4 The Class B Ordinary Shares were convertible into Class A Ordinary Shares of the Issuer on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and had no expiration date.
F5 In connection with the Business Combination, each Class B Ordinary Share of the Issuer was exchanged on a one-for-one basis for shares of Class B common stock of Bird Global.
F6 In connection with the Business Combination, each warrant of the Issuer was exchanged on a one-for-one basis for warrants of Bird Global.
F7 The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination and 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.