Form 4 for BIRD Smartbird, Inc.
Accepted 2022-05-24 00:00:00 ET · period of report 2022-05-22 · accession 0001209191-22-031724 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-05-24 | 2022-05-22 | BIRD | Vernachio Joseph | COO | A - Grant | $0.00 | +196.9K | 196.9K | New | $0 |
| D | 2022-05-24 | 2022-05-22 | BIRD | Vernachio Joseph | COO | A - Grant | — | +425.0K | 425.0K | New | — |
| D | 2022-05-24 | 2022-05-22 | BIRD | Vernachio Joseph | COO | D - Sale to Iss | — | -425.0K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-05-22 | A | A | 196,915 | $0.00 | 196,915 | D | — | — | (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. 1/12 of the RSUs shall vest on the three-month anniversary of June 1, 2022, and 1/12 of the RSUs shall vest quarterly 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. |
| 2 | Derivative | Stock Option (Right to Buy) | 2022-05-22 | A | A | 425,000 | — | 425,000 | D | $4.68 · — to 2031-06-24 | 425,000 Class B Common Stock | (F4) On May 22, 2022, the option granted to the Reporting Person on June 26, 2021 was amended to reduce the exercise price to $4.68 per share. (F2) The option vests as to 1/4 of the shares subject to the option on June 1, 2022, and the remainder of the shares vest in 36 equal monthly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on each such vesting date. |
| 3 | Derivative | Stock Option (Right to Buy) | 2022-05-22 | D | D | 425,000 | — | 0 | D | $8.43 · — to 2031-06-24 | 425,000 Class B Common Stock | (F4) On May 22, 2022, the option granted to the Reporting Person on June 26, 2021 was amended to reduce the exercise price to $4.68 per share. (F2) The option vests as to 1/4 of the shares subject to the option on June 1, 2022, and the remainder of the shares vest in 36 equal monthly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on each such vesting date. |