Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BRDS | Class A Common Stock | Conversion of derivative security | +40K | +800% | 45K | Nov 4, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BRDS | Class B Common Stock | Conversion of derivative security | -40K | -100% | 0 | Nov 4, 2021 | Class A Common Stock | 40K | Direct | F1, F2 | |||
holding | BRDS | Warrants | 1K | Nov 4, 2021 | Class A Common Stock | 1K | $11.50 | Direct | F3 |
Precious W. Owodunni is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | In connection with the closing of the business combination (the "Business Combination") between Switchback II Corporation ("Switchback"), Maverick Merger Sub Inc., Bird Rides, Inc. and the Issuer on November 4, 2021, the Reporting Person's shares of Class B Common Stock automatically converted into shares of the Issuer's Class A Common Stock on a one-for-one basis. |
F2 | The shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. |
F3 | The warrants will become exercisable on the later of 30 days after the completion of the Business Combination and 12 months from the closing of Switchback's initial public offering. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for Switchback's initial public offering. |