[Form 4] Allbirds, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allbirds, Inc. Chief Executive Officer Joseph Vernachio reported an open-market sale of 4,413 shares of Class A common stock at a weighted average price of about $2.6903 per share. According to the disclosure, these shares were sold solely to cover tax withholding obligations tied to the vesting and settlement of restricted stock units and were executed as a predetermined “sell to cover” transaction, not as a discretionary sale. After this transaction, Vernachio directly holds 85,569 shares of Allbirds Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,413 shares ($11,872)
Net Sell
1 txn
Insider
Vernachio Joseph
Role
Chief Executive Officer
Sold
4,413 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,413 | $2.6903 | $12K |
Holdings After Transaction:
Class A Common Stock — 85,569 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.64 to $2.785, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.