Philip J. Deutch - Nov 4, 2021 Form 4 Insider Report for Bird Global, Inc. (BRDS)

Role
Director, 10%+ Owner
Signature
/s/ Philip J. Deutch
Stock symbol
BRDS
Transactions as of
Nov 4, 2021
Transactions value $
$9,825,000
Form type
4
Date filed
11/4/2021, 08:31 PM
Previous filing
Nov 3, 2021
Next filing
May 27, 2022

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 Footnote F1, F2

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 Footnote F1, F2, F3
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 Footnote F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Philip J. Deutch 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. Mr. Deutch is a manager of the Sponsor. As such, Mr. Deutch may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor.
F3 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.
F4 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.
F5 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.