Precious W. Owodunni - Nov 4, 2021 Form 4 Insider Report for Bird Global, Inc. (BRDS)

Role
Director
Signature
/s/ Precious Williams Owodunni
Stock symbol
BRDS
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
4
Date filed
11/4/2021, 08:27 PM
Previous filing
Nov 3, 2021

Transactions Table

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

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 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.

Explanation of Responses:

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.