CRAFT VENTURES GP I, LLC - 04 Nov 2021 Form 3 Insider Report for Bird Global, Inc.

Role
10%+ Owner
Signature
Craft Ventures I, L.P. By: Craft Ventures GP I, LLC, its general partner By: /s/ David O. Sacks, Managing Member
Issuer symbol
N/A
Transactions as of
04 Nov 2021
Net transactions value
$0
Form type
3
Filing time
23 Nov 2021, 18:03:33 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRDS Class A Common Stock 20,769,528 04 Nov 2021 See footnote F1
holding BRDS Class A Common Stock 3,888,286 04 Nov 2021 See footnote F2
holding BRDS Class A Common Stock 2,290,615 04 Nov 2021 See footnote 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
holding BRDS Earnout Shares 04 Nov 2021 Class A Common Stock 2,416,730 See Footnote F1, F4, F5
holding BRDS Earnout Shares 04 Nov 2021 Class A Common Stock 452,438 See Footnote F2, F4, F5
holding BRDS Earnout Shares 04 Nov 2021 Class A Common Stock 266,534 See Footnote F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held by Craft Ventures I, L.P. ("Craft I"). Craft Ventures GP I, LLC ("Craft I GP") is the general partner of Craft I and David O. Sacks is a managing member of Craft I GP. Craft I GP disclaims beneficial ownership of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F2 Represents shares held by Craft Ventures I-A, L.P. ("Craft I-A"). Craft I GP is the general partner of Craft I-A. Craft I GP disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F3 Represents shares held by Craft Ventures I-B, L.P. ("Craft I-B"). Craft I GP is the general partner of Craft I-B. Craft I GP disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F4 The earnout shares will vest in three substantially equal installments if the Issuer's Class A Common Stock achieves a price per share for any ten trading days within any 20 consecutive trading period prior to November 4, 2026 that equals or exceeds the following thresholds: $12.50, $20.00 and $30.00.
F5 Each earnout share represents a contingent right to receive one share of the Issuer's Class A Common Stock upon the satisfaction of the earnout share vesting terms.

Remarks:

David O. Sacks has separately filed a Form 3 with respect to the securities reported herein.