David O. Sacks - Nov 4, 2021 Form 3/A - Amendment Insider Report for Bird Global, Inc. (BRDS)

Role
Director, 10%+ Owner
Signature
/s/ Kevin Lee, attorney-in-fact
Stock symbol
BRDS
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
11/23/2021, 04:19 PM
Date Of Original Report
Nov 12, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRDS Class A Common Stock 20.8M Nov 4, 2021 See footnote F1
holding BRDS Class A Common Stock 3.89M Nov 4, 2021 See footnote F2
holding BRDS Class A Common Stock 2.29M Nov 4, 2021 See footnote F3

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
holding BRDS Earnout Shares Nov 4, 2021 Class A Common Stock 2.42M See Footnote F1, F4, F5
holding BRDS Earnout Shares Nov 4, 2021 Class A Common Stock 452K See Footnote F2, F4, F5
holding BRDS Earnout Shares Nov 4, 2021 Class A Common Stock 267K See Footnote F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held by Craft Ventures I, L.P. ("Craft I"). Craft Ventures GP I, LLC ("Craft I GP") is the general partner of Craft I and David O. Sacks is a managing member of Craft I GP. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F2 Represents shares held by Craft Ventures I-A, L.P. ("Craft I-A"). Craft I GP is the general partner of Craft I-A. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F3 Represents shares held by Craft Ventures I-B, L.P. ("Craft I-B"). Craft I GP is the general partner of Craft I-B. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F4 The earnout shares will vest in three substantially equal installments if the Issuer's Class A Common Stock achieves a price per share for any ten trading days within any 20 consecutive trading period prior to November 4, 2026 that equals or exceeds the following thresholds: $12.50, $20.00 and $30.00.
F5 Each earnout share represents a contingent right to receive one share of the Issuer's Class A Common Stock upon the satisfaction of the earnout share vesting terms.

Remarks:

This amendment is being filed to include the securities held by Craft I, Craft I-A and Craft I-B, which were inadvertently omitted from the Form 3 originally filed by the Reporting Person on November 12, 2021. Craft I GP, Craft I, Craft I-A and Craft I-B have separately filed a Form 3 with respect to the securities reported herein.