Smartbird (NASDAQ: BIRD) director moves to sell 9,200 shares
Rhea-AI Filing Summary
Smartbird, Inc. (BIRD) received a notice of proposed sale on Form 144 relating to Class A Common Stock held for the account of director Richard W. Boyce. The notice covers a proposed sale of 9,200 shares of Class A Common Stock through Charles Schwab & Co., Inc., with an approximate aggregate market value of $21,873.00, based on a stated 9,315,794 shares of this class outstanding as of the notice. The filing also lists restricted stock lapses tied to equity compensation awards of 6,200 shares on 06/06/2026 and 3,000 shares on 06/07/2025.
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Key Figures
Shares proposed for sale: 9,200 shares of Class A Common Stock
Aggregate market value: $21,873.00
Shares outstanding: 9,315,794 shares
+2 more
5 metrics
Shares proposed for sale
9,200 shares of Class A Common Stock
Covered by the Form 144 notice for Smartbird, Inc.
Aggregate market value
$21,873.00
Approximate aggregate market value for 9,200 shares in the notice
Shares outstanding
9,315,794 shares
Class A Common Stock outstanding referenced in the Form 144
Restricted stock lapse amount (2026)
6,200 shares
Class A Common Stock tied to restricted stock lapse dated 06/06/2026
Restricted stock lapse amount (2025)
3,000 shares
Class A Common Stock tied to restricted stock lapse dated 06/07/2025
Key Terms
Form 144, Rule 144, Restricted Stock Lapse, Equity Compensation
4 terms
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Lapse financial
"Class A Common Stock | 06/06/2026 | Restricted Stock Lapse |"
Equity Compensation financial
"06/06/2026 | Equity Compensation Class A Common Stock"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What does the Form 144 filing disclose for Smartbird, Inc. (BIRD)?
The Form 144 notice relates to director Richard W. Boyce and covers a proposed sale of 9,200 shares of Smartbird, Inc. Class A Common Stock, with an approximate aggregate market value of $21,873.00, as referenced in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.