Joseph Zwillinger - Feb 17, 2023 Form 4 Insider Report for Allbirds, Inc. (BIRD)

Role
Co-Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Daniel Li, Attorney-in-Fact
Stock symbol
BIRD
Transactions as of
Feb 17, 2023
Transactions value $
-$133,084
Form type
4
Date filed
2/22/2023, 05:52 PM
Previous filing
Jan 27, 2023
Next filing
Feb 24, 2023

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 +22.1K $0.00 22.1K Feb 17, 2023 By Trust F1, F2
transaction BIRD Class A Common Stock Sale -$60.8K -22.1K -100% $2.75 0 Feb 17, 2023 By Trust F2, F3, F4
transaction BIRD Class A Common Stock Conversion of derivative security $0 +26.2K $0.00 26.2K Feb 22, 2023 By Trust F1, F2
transaction BIRD Class A Common Stock Sale -$72.3K -26.2K -100% $2.76 0 Feb 22, 2023 By Trust F2, F3, F5

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 -22.1K -0.2% $0.00 11M Feb 17, 2023 Class A Common Stock 22.1K $0.00 By Trust F1, F2
transaction BIRD Class B Common Stock Conversion of derivative security $0 -26.2K -0.24% $0.00 10.9M Feb 22, 2023 Class A Common Stock 26.2K $0.00 By Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Shares are held of record by Joseph Z. Zwillinger and Elizabeth L. Zwillinger, as Trustees of the Twin Wolves Revocable Trust under Revocable Trust Agreement dated September 27, 2017, of which the Reporting Person is co-trustee and shares voting and investment power over such shares.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.75 to $2.765, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.75 to $2.765, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.