NGP Switchback II, LLC - Nov 4, 2021 Form 4 Insider Report for Bird Global, Inc. (BRDS)

Role: 10%+ Owner
Signature: /s/ Jim Mutrie, Co-Chief Executive Officer and Manager
Stock symbol: BRDS
Transactions as of: Nov 4, 2021
Transactions value $: $9,825,000
Form type: 4
Date filed: 11/4/2021, 08:28 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		+7.83M			7.83M	Nov 4, 2021	See Footnotes	F1, F2, F3, F4

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		-7.83M	-100%		0	Nov 4, 2021	Class A Common Stock	7.83M		See Footnotes	F1, F2, F3, F4, F5
transaction	BRDS	Private Placement Warrants	Award	$9.83M	+6.55M		$1.50	6.55M	Nov 4, 2021	Class A Common Stock	6.55M	$11.50	See Footnotes	F2, F3, F4, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

NGP Switchback II, LLC 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	NGP Switchback II, LLC (the "Sponsor") is the record holder of the shares reported herein. Scott McNeill and Jim Mutrie are managers and co-chief executive officers of the Sponsor. Chris Carter, Philip J. Deutch, Scott Gieselman and Sam Stoutner are managers of the Sponsor. As such, Messrs. McNeill, Mutrie, Carter, Deutch, Gieselman and Stoutner may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor.
F3	NGP XII US Holdings, L.P. indirectly owns a majority of the limited liability company interests of the Sponsor through its wholly-owned subsidiary, NGP ETP III Investments, LLC and NGP ETP III Investments, LLC's majority-owned subsidiary, NGP Energy Technology Partners III, LLC. NGP XII Holdings GP, L.L.C. is the sole general partner of NGP XII US Holdings, L.P., and NGP Natural Resources XII, L.P. is the sole member of NGP XII Holdings GP, L.L.C. G.F.W. Energy XII, L.P. is the sole general partner of NGP Natural Resources XII, L.P., and GFW XII, L.L.C. is the sole general partner of G.F.W. Energy XII, L.P. GFW XII, L.L.C. has delegated full power and authority to manage NGP XII US Holdings, L.P. to NGP Energy Capital Management, L.L.C.
F4	Chris Carter, Craig Glick and Jill Lampert serve on the Executive Committee of NGP Energy Capital Management, L.L.C. Accordingly, each of NGP XII US Holdings, L.P., NGP XII Holdings GP, L.L.C., NGP Natural Resources XII, L.P., G.F.W. Energy XII, L.P., GFW XII, L.L.C., NGP ETP III Investments, LLC, NGP Energy Capital Management, L.L.C., Chris Carter, Craig Glick and Jill Lampert may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor.
F5	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.
F6	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.
F7	Includes 5,550,000 private placement warrants issued to the Sponsor in connection with Switchback's initial public offering and 1,000,000 private warrants issued to the Sponsor upon exercise of its right to convert a $1,500,000 principal amount of working capital loans made by the Sponsor to Switchback at a price of $1.50.