Shane Torchiana - Jan 20, 2022 Form 3 Insider Report for Bird Global, Inc. (BRDS)

Role
Chief Operating Officer
Signature
/s/ Kevin Lee, attorney-in-fact
Stock symbol
BRDS
Transactions as of
Jan 20, 2022
Transactions value $
$0
Form type
3
Date filed
1/27/2022, 04:11 PM
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRDS Class A Common Stock 1.6M Jan 20, 2022 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
holding BRDS Stock Option Jan 20, 2022 Class A Common Stock 147K $0.16 Direct F2
holding BRDS Stock Option Jan 20, 2022 Class A Common Stock 74.2K $0.16 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (a) an award of 439,788 restricted stock units, all of which vest on April 20, 2022 (b) 76,865 earn-out shares that 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; (c) 750,000 earn-out shares that will vest in three substantially equal installments based on the foregoing stock price vesting conditions and subject to an additional time-based vesting requirement whereby such shares will vest in 16 substantially equal quarterly installments beginning on November 4, 2021; and (d) 250,000 restricted stock units, 25% of which will vest on December 1, 2022, with the remaining 75% vesting in 12 equal quarterly installments thereafter. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The option is vested with respect to 54,973 shares of Class A Common Stock and vests with respect to the remaining shares in substantially equal monthly installments until fully vested on January 31, 2024.
F3 The option is vested with respect to 41,230 shares of Class A Common Stock and vests with respect to the remaining shares in substantially equal monthly installments until fully vested on January 6, 2023.

Remarks:

Exhibit 24 - Power of Attorney.