Christopher G. Carter - 04 Nov 2021 Form 4 Insider Report for Bird Global, Inc.

Reporting relationship: Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 04 Nov 2021
Net transaction value: +$9,825,000
SEC form: 4
Accepted by SEC: 04 Nov 2021, 20:28:04 UTC
Prior SEC filing: 03 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Christopher G. Carter

Key filing fact

Christopher G. Carter filed Form 4 for Bird Global, Inc. on 04 Nov 2021.

Key facts

This page summarizes Christopher G. Carter's Form 4 filing for Bird Global, Inc..
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 04 Nov 2021, 20:28.

Change

Previous filing in this sequence was filed on 03 Nov 2021.
Current net transaction value: +$9,825,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BRDS transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +7,826,250
Change %
Price
Shares after: 7,826,250
Date: 04 Nov 2021
Ownership: See Footnote
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BRDS transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -7,826,250
Change %: -100%
Price
Shares after: 0
Date: 04 Nov 2021
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 7,826,250
Exercise price
Footnotes: F1, F2, F3

BRDS transaction Derivative

Private Placement Warrants

Award

Transaction value: $9,825,000
Shares: +6,550,000
Change %
Price: $1.50
Shares after: 6,550,000
Date: 04 Nov 2021
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 6,550,000
Exercise price: $11.50
Footnotes: F2, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Christopher G. Carter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

In connection with the closing of the business combination (the "Business Combination") between Switchback II Corporation ("Switchback"), Maverick Merger Sub Inc., Bird Rides, Inc. and the Issuer on November 4, 2021, the Reporting Person's shares of Class B Common Stock automatically converted into shares of the Issuer's Class A Common Stock on a one-for-one basis.

Footnote F2

NGP Switchback II, LLC (the "Sponsor") is the record holder of the shares reported herein. Mr. Carter is a manager of the Sponsor. As such, Mr. Carter may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor.

Footnote F3

The shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.

Footnote F4

The warrants will become exercisable on the later of 30 days after the completion of the Business Combination and 12 months from the closing of Switchback's initial public offering. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for Switchback's initial public offering.

Footnote F5

Includes 5,550,000 private placement warrants issued to the Sponsor in connection with Switchback's initial public offering and 1,000,000 private warrants issued to the Sponsor upon exercise of its right to convert a $1,500,000 principal amount of working capital loans made by the Sponsor to Switchback at a price of $1.50.