RICHARD W. BOYCE - 05 Nov 2021 Form 4 Insider Report for Allbirds, Inc. (BIRD)

Role
Director
Signature
Richard W. Boyce, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
BIRD
Transactions as of
05 Nov 2021
Net transactions value
$0
Form type
4
Filing time
08 Nov 2021, 16:03:32 UTC
Previous filing
02 Nov 2021
Next filing
14 Jun 2022
SEC
View on sec.gov

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 BIRD Series Seed Preferred Stock Conversion of derivative security $0 -171,350 -100% $0.000000* 0 05 Nov 2021 Class B Common Stock 171,350 By Trust F1, F2, F3
transaction BIRD Class B Common Stock Conversion of derivative security $0 +171,350 +368% $0.000000 217,905 05 Nov 2021 Class A Common Stock 171,350 By Trust F2, F3
transaction BIRD Series A Preferred Stock Conversion of derivative security $0 -833,640 -100% $0.000000* 0 05 Nov 2021 Class B Common Stock 833,640 By Trust F1, F2, F3
transaction BIRD Class B Common Stock Conversion of derivative security $0 +833,640 +383% $0.000000 1,051,545 05 Nov 2021 Class A Common Stock 833,640 By Trust F2, F3
transaction BIRD Series B Preferred Stock Conversion of derivative security $0 -25,780 -100% $0.000000* 0 05 Nov 2021 Class B Common Stock 25,780 By Trust F1, F2, F3
transaction BIRD Class B Common Stock Conversion of derivative security $0 +25,780 +2.5% $0.000000 1,077,325 05 Nov 2021 Class A Common Stock 25,780 By Trust F2, F3
holding BIRD Class B Common Stock 772,725 05 Nov 2021 Class A Common Stock 772,725 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Preferred Stock automatically converted into one share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering.
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 Shares are held of record by the Dick W. Boyce & Sandy W. Boyce Revocable Trust Agreement Dated December 30, 1994, of which the Reporting Person is co-trustee and shares voting and investment power over such shares.