Ann Mitchell - May 1, 2023 Form 4 Insider Report for Allbirds, Inc. (BIRD)

Role: Chief Financial Officer
Signature: /s/ Brandon Une, Attorney-in-Fact
Stock symbol: BIRD
Transactions as of: May 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/3/2023, 06:38 PM
Previous filing: May 3, 2023
Next filing: Nov 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BIRD	Class A Common Stock	Award	$0	+827K		$0.00	827K	May 1, 2023	Direct	F1

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	Stock Option (Right to Buy)	Award	$0	+1.6M		$0.00	1.6M	May 1, 2023	Class A Common Stock	1.6M	$1.25	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/4th of the RSUs vest on June 1, 2024, and 1/16th of the RSUs vest quarterly thereafter, in each case subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) on each such vesting date.
F2	1/4th of the shares underlying the option shall vest on June 1, 2024, and the remaining shares underlying the option shall vest in a series of 12 successive quarterly installments thereafter, in each case subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through the applicable vesting date.

Content

Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/4th of the RSUs vest on June 1, 2024, and 1/16th of the RSUs vest quarterly thereafter, in each case subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) on each such vesting date.

1/4th of the shares underlying the option shall vest on June 1, 2024, and the remaining shares underlying the option shall vest in a series of 12 successive quarterly installments thereafter, in each case subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through the applicable vesting date.