Allbirds (BIRD) CEO sells 3,359 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allbirds, Inc. Chief Executive Officer Joseph Vernachio reported the sale of 3,359 shares of Class A Common Stock. These shares were sold at a weighted average price of about $4.47 per share solely to cover tax withholding obligations from vesting restricted stock units, under a predetermined “sell to cover” arrangement, and are not discretionary trades. After these transactions, he directly holds 82,210 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,359 shares ($15,007)
Net Sell
1 txn
Insider
Vernachio Joseph
Role
Chief Executive Officer
Sold
3,359 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,359 | $4.4678 | $15K |
Holdings After Transaction:
Class A Common Stock — 82,210 shares (Direct, null)
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 $4.41to $4.52, 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.
Key Figures
Shares sold: 3,359 shares
Weighted average sale price: $4.4678 per share
Post-transaction holdings: 82,210 shares
+2 more
5 metrics
Shares sold
3,359 shares
Tax-related sale on 2026-06-02 to cover RSU withholding
Weighted average sale price
$4.4678 per share
Class A Common Stock sale on 2026-06-02
Post-transaction holdings
82,210 shares
Direct Class A Common Stock held after the sale
Sale price range
$4.41 to $4.52 per share
Range of prices for multiple sale executions
Net shares sold
3,359 shares
Net-sell direction in transaction summary
Key Terms
restricted stock units, sell to cover, weighted average price
3 terms
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"to be funded by a "sell to cover" transaction and do not represent discretionary"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What did Allbirds (BIRD) CEO Joseph Vernachio report in this Form 4?
Allbirds CEO Joseph Vernachio reported selling 3,359 Class A shares. The sale was executed to cover tax withholding obligations from vesting restricted stock units under a “sell to cover” arrangement, and was not a discretionary trading decision by the executive.