Timothy O Brown - 27 Jul 2022 Form 4 Insider Report for Allbirds, Inc. (BIRD)

Role
Co-Chief Executive Officer, Director, 10%+ Owner
Signature
Timothy O. Brown, by /s/ Daniel Li, Attorney-in-Fact
Issuer symbol
BIRD
Transactions as of
27 Jul 2022
Net transactions value
$0
Form type
4
Filing time
28 Jul 2022, 16:14:58 UTC
Previous filing
24 May 2022
Next filing
13 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIRD Class A Common Stock Conversion of derivative security $0 +664,330 $0.000000 664,330 27 Jul 2022 By GRAT F1, F2
transaction BIRD Class A Common Stock Gift $0 -664,330 -100% $0.000000* 0 27 Jul 2022 By GRAT F2, F3
transaction BIRD Class A Common Stock Conversion of derivative security $0 +664,330 $0.000000 664,330 27 Jul 2022 By GRAT F4, F5
transaction BIRD Class A Common Stock Gift $0 -664,330 -100% $0.000000* 0 27 Jul 2022 By GRAT F3, F5
holding BIRD Class A Common Stock 50,000 27 Jul 2022 By Trust F6

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 Class B Common Stock Conversion of derivative security $0 -664,330 -100% $0.000000* 0 27 Jul 2022 Class A Common Stock 664,330 By GRAT F2, F7
transaction BIRD Class B Common Stock Conversion of derivative security $0 -664,330 -100% $0.000000* 0 27 Jul 2022 Class A Common Stock 664,330 By GRAT F5, F7
holding BIRD Class B Common Stock 13,330,925 27 Jul 2022 Class A Common Stock 13,330,925 By Trust F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class A Common Stock was issued upon the conversion of one share of Class B Common Stock at the election of the Reporting Person.
F2 Shares are held of record by Timothy O. Brown, as Trustee of The Timothy Brown 2017 Grantor Retained Annuity Trust dated June 22, 2017, of which the Reporting Person is trustee and has voting and investment power over such shares.
F3 Shares transferred for no consideration for estate planning purposes to a trust for the benefit of the Reporting Person's children (the "Children's Trust"). The Reporting Person has no voting or investment power over the shares held by the Children's Trust.
F4 Each share of Class A Common Stock was issued upon the conversion of one share of Class B Common Stock at the election of the Reporting Person's spouse.
F5 Shares are held of record by Lindsay T. Brown, as Trustee of The Lindsay Brown 2017 Grantor Retained Annuity Trust dated June 22, 2017, of which the Reporting Person's spouse is trustee and may be deemed to share voting and investment power over such shares.
F6 Shares are held of record by Timothy O. Brown and Lindsay T. Brown, as Trustees of the Grenadier Trust Under Revocable Trust Agreement Dated January 22, 2018, of which the Reporting Person is co-trustee and shares voting and investment power over such shares.
F7 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.