Smartbird (BIRD) CEO receives 1,532,379 RSUs in major equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Smartbird, Inc. reported that Chief Executive Officer Nadia Catherine Carlsten received a grant of 1,532,379 shares of Class A Common Stock, represented by restricted stock units (RSUs). The grant carries no purchase price. Each RSU converts into one share upon settlement.

According to the terms, 255,397 RSUs vested on June 18, 2026, and 1/16 of the remaining RSUs will vest quarterly, subject to her continued service under the 2021 Equity Incentive Plan. Following this award, she holds 1,532,379 shares/RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Carlsten Nadia Catherine

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,532,379	$0.00	--

Holdings After Transaction: Class A Common Stock — 1,532,379 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 1,532,379 shares Price per share: $0.0000 per share Shares following transaction: 1,532,379 shares +2 more

5 metrics

RSUs granted 1,532,379 shares Grant of Class A Common Stock via RSUs to CEO

Price per share $0.0000 per share Compensation award, not an open-market purchase

Shares following transaction 1,532,379 shares CEO direct beneficial ownership after grant

Initially vested RSUs 255,397 units Portion that vested on June 18, 2026

Remaining vesting pattern 1/16 quarterly Vesting schedule for unvested RSUs

Key Terms

restricted stock unit (RSU), Class A Common Stock, Continuous Service, 2021 Equity Incentive Plan

4 terms

restricted stock unit (RSU) financial

"Each share is represented by a restricted stock unit (RSU)."

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

Class A Common Stock financial

"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Continuous Service financial

"subject to the Reporting Person's Continuous Service (as defined in the 2021 Equity Incentive Plan) through the applicable vesting date."

2021 Equity Incentive Plan financial

"Continuous Service (as defined in the 2021 Equity Incentive Plan) through the applicable vesting date."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 04:38 PM Accepted by SEC EDGAR 06/23/2026 - 04:37 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Carlsten Nadia Catherine

(Last)

(First)

(Middle)

C/O SMARTBIRD, INC 530 WASHINGTON STREET

(Street)

SAN FRANCISCO

CALIFORNIA

94111

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Smartbird, Inc. [ BIRD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/18/2026		A		1,532,379⁽¹⁾	A	$0	1,532,379	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 255,397 of the RSUs vested on June 18, 2026, and 1/16 of the remaining RSUs shall vest quarterly thereafter, in each case subject to the Reporting Person's Continuous Service (as defined in the 2021 Equity Incentive Plan) through the applicable vesting date.

Remarks:

	/s/ Nadia Carlsten, by Ann Mitchell, Attorney-in-Fact	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Smartbird (BIRD) disclose about CEO Nadia Carlsten in this Form 4?

Smartbird disclosed that CEO Nadia Catherine Carlsten received a grant of 1,532,379 RSU-based shares of Class A Common Stock, with no purchase price, under the company’s 2021 Equity Incentive Plan.

How many Smartbird (BIRD) RSUs were granted to the CEO and at what price?

The CEO was granted 1,532,379 RSUs, each representing one share of Class A Common Stock. The filing shows a transaction price per share of 0.0000, indicating the award is compensation-based rather than a market purchase.

What is the vesting schedule for the Smartbird (BIRD) CEO RSU grant?

Of the 1,532,379 RSUs, 255,397 vested on June 18, 2026. The remaining RSUs are scheduled to vest in 1/16 increments on a quarterly basis, contingent on the CEO’s continuous service with Smartbird.

What does each Smartbird (BIRD) RSU represent for the CEO’s award?

Each RSU in the CEO’s grant represents a contingent right to receive one share of Smartbird’s Class A Common Stock upon settlement, subject to the vesting schedule and the CEO’s continued service with the company.

How many Smartbird (BIRD) shares does the CEO hold after this RSU grant?

After the reported RSU grant, the Form 4 shows that CEO Nadia Catherine Carlsten directly holds 1,532,379 shares/RSUs of Smartbird’s Class A Common Stock, reflecting her post-transaction beneficial ownership position.