Allbirds, Inc. SEC Filings

Allbirds (BIRD) received a Form 3 initial statement of beneficial ownership effective 10/31/2025. The reporting person is identified as a Director and the filing indicates no securities are beneficially owned. The submission was made by one reporting person, and both the non-derivative and derivative tables show no holdings.

Allbirds, Inc. (BIRD) filed its Q3 2025 10-Q, reporting continued operating losses and a liquidity update. Net revenue was $32.989 million, down from $42.996 million a year ago, while net loss was $20.324 million versus $21.177 million. Gross profit was $14.241 million and operating expense fell to $34.126 million.

The company ended the quarter with cash and cash equivalents of $23.704 million and used $51.809 million of cash in operating activities year-to-date. Management concluded that conditions raise substantial doubt about the company’s ability to continue as a going concern for twelve months from issuance. To support liquidity, Allbirds entered a $50 million revolving credit facility on June 30, 2025 and had $12.313 million outstanding at quarter-end.

Additional items include $5.1 million year-to-date inventory write-downs, a $0.5 million property and equipment impairment, and a $0.2 million impairment of an equity investment. A change in gift card breakage estimates in Q1 2025 increased revenue by about $1.9 million. Shares outstanding were 5,670,752 Class A and 2,542,340 Class B as of November 1, 2025.

Allbirds, Inc. (BIRD) furnished quarterly results via an 8-K, stating it reported financial results and business highlights for the quarter ended September 30, 2025. The earnings press release is attached as Exhibit 99.1.

The information under Item 2.02 is being furnished and is not deemed filed under the Exchange Act, and it is incorporated by reference only if specifically referenced in future filings.

Allbirds (BIRD) appointed Lily Yan Hughes to its board of directors, effective October 31, 2025. She will serve as a Class I director and stand for reelection at the 2028 annual meeting.

Hughes joins the Sustainability, Nomination and Governance Committee and the Management Compensation and Leadership Committee, and will chair the Sustainability, Nomination and Governance Committee. On her start date, she received an initial restricted stock unit award with a grant date fair value of $200,000 under the 2021 Equity Incentive Plan, vesting under the company’s Non‑Employee Director Compensation Policy. She will also receive standard cash retainers and has executed the company’s standard indemnification agreement. The company disclosed no related‑party relationships.

Allbirds, Inc. reported that on September 8, 2025 a director, Ms. Freeman, resigned, leaving the board without a majority of independent directors as defined under Nasdaq Listing Rule 5605(a)(2). The company notified the Nasdaq Global Select Market of the resulting non-compliance with Nasdaq Listing Rule 5605(b)(1). Nasdaq provides a cure period that allows the company to regain compliance before the earlier of one year from September 8, 2025 or the next annual meeting. The filing incorporates related information from Item 3.01 by reference.

Allbirds, Inc. (BIRD) Chief Financial Officer Ann Mitchell sold 2,188 shares of Class A common stock on 09/03/2025 at a weighted average price of $6.37 per share to satisfy tax withholding for vested restricted stock units. After the reported sale, the filing shows Ms. Mitchell beneficially owned 78,498 shares, held directly. The filing clarifies the sale was a "sell to cover" transaction to fund tax obligations and that the shares were sold in multiple transactions at prices ranging from $6.3601 to $6.41.

Allbirds, Inc. (BIRD) reporting person Joseph Vernachio, who is identified as both a Director and Chief Executive Officer, sold shares on 09/03/2025 to satisfy tax withholding related to the vesting and settlement of restricted stock units. The Form 4 shows a reported sale of 3,666 shares of Class A common stock at a weighted average price of $6.37 per share (individual transaction prices ranged from $6.32 to $6.38). After the reported disposition, the reporting person beneficially owned 94,366 shares. The filing states the sales were "sell to cover" transactions to satisfy tax withholding obligations and were not discretionary trades by the reporting person.

Allbirds, Inc. insider or controlled person filed a Form 144 to notify a proposed sale of 3,666 common shares, with an aggregate market value of $23,354, to be sold through Charles Schwab & Co., Inc. on or about 09/03/2025 on NASDAQ. The filing states the shares were acquired on 09/03/2025 upon lapse of restricted stock and are part of equity compensation. The filer also reported a prior sale on 06/03/2025 of 4,450 shares for gross proceeds of $31,800. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.

Allbirds, Inc. (BIRD) Form 144 shows a proposed sale of 2,188 shares of common stock through Charles Schwab & Co., Inc. on 09/03/2025 with an aggregate market value of $13,928.00 and a total outstanding share count listed as 5,604,113. The securities were acquired as an equity compensation event described as a restricted stock lapse on 09/03/2025. The filer previously sold 2,146 shares on 06/03/2025 for gross proceeds of $15,273.00. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.