Michael Bufano - Nov 2, 2021 Form 3 Insider Report for Allbirds, Inc. (BIRD)

Role
Chief Financial Officer
Signature
Michael Bufano, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
BIRD
Transactions as of
Nov 2, 2021
Transactions value $
$0
Form type
3
Date filed
11/2/2021, 04:57 PM
Next filing
Nov 15, 2021

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 BIRD Stock Option (Right to Buy) Nov 2, 2021 Class B Common Stock 400K $4.34 Direct F1, F2
holding BIRD Stock Option (Right to Buy) Nov 2, 2021 Class B Common Stock 75K $4.70 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option vests as to 1/4 of the shares subject to the option on January 19, 2022, and the remainder of the shares vest in 36 equal monthly installments thereafter subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on each such vesting date.
F2 Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will convert automatically into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation.
F3 Option vests in 36 equal monthly installments measured from April 22, 2022, subject to the Reporting Person's Continuous Service (as defined in the Issuer's2015 Equity Incentive Plan) on each such vesting date.