Allbirds (BIRD) CFO sells 1,587 shares in tax-related sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allbirds, Inc. Chief Financial Officer Ann Mitchell reported an open-market sale of 1,587 shares of Class A Common Stock at a weighted average price of $4.5204 per share. According to the filing, these shares were sold solely to cover tax withholding obligations tied to vesting restricted stock units and were not discretionary trades.
After the sale, Mitchell directly held 76,188 shares, which include 2,805 shares acquired under the Allbirds 2021 Employee Stock Purchase Plan on May 2, 2026. The sale price reflects multiple transactions executed between $4.4050 and $4.57 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,587 shares ($7,174)
Net Sell
1 txn
Insider
Mitchell Ann
Role
Chief Financial Officer
Sold
1,587 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,587 | $4.5204 | $7K |
Holdings After Transaction:
Class A Common Stock — 76,188 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 $4.4050 to $4.57, 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. Includes 2,805 shares acquired under the Allbirds, Inc. 2021 Employee Stock Purchase Plan on May 2, 2026.
Key Figures
Shares sold: 1,587 shares
Weighted average sale price: $4.5204 per share
Post-transaction holdings: 76,188 shares
+2 more
5 metrics
Shares sold
1,587 shares
Open-market sale on June 2, 2026
Weighted average sale price
$4.5204 per share
Class A Common Stock sale
Post-transaction holdings
76,188 shares
Directly owned after tax-related sale
Sale price range
$4.4050–$4.57 per share
Multiple trades within this range
ESPP shares included
2,805 shares
Acquired under 2021 Employee Stock Purchase Plan on May 2, 2026
Key Terms
restricted stock units, sell to cover, weighted average price, Employee Stock Purchase Plan
4 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"
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.
Employee Stock Purchase Plan financial
"Includes 2,805 shares acquired under the Allbirds, Inc. 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What did Allbirds (BIRD) CFO Ann Mitchell report in this Form 4?
Allbirds CFO Ann Mitchell reported selling 1,587 shares of Class A Common Stock. The filing states the sale was to cover tax withholding from vesting restricted stock units, meaning it was a mechanical sell-to-cover transaction rather than a discretionary stock sale.
Were the Allbirds (BIRD) CFO’s stock sales discretionary trades?
The filing states the sales were not discretionary trades by the CFO. Instead, they were executed automatically to satisfy tax withholding obligations from restricted stock unit vesting under a sell-to-cover arrangement, which is a common administrative mechanism for handling equity compensation taxes.