Smartbird (BIRD) director sells 9,200 shares, keeps 4,455

Rhea-AI Filing Summary

Smartbird, Inc. (BIRD) director Richard W. Boyce reported selling 9,200 shares of Class A Common Stock on August 25, 2026 in an open market or private transaction. The weighted average sale price was $2.38 per share, with individual trades between $2.35 and $2.44. Following this sale, Boyce directly holds 4,455 shares of Smartbird, Inc. Class A Common Stock.

Insider Trade Summary

Net Seller: 9,200 shares

Net Sell 1 txn

Insider BOYCE RICHARD W

Role Director

Sold 9,200 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	9,200	$2.38	$22K

Holdings After Transaction: Class A Common Stock — 4,455 shares (Direct)

Footnotes (1)

1. F1. 1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.35 to $2.44, 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: 9,200 shares of Class A Common Stock Weighted average sale price: $2.38 per share Sale price range: $2.35 to $2.44 per share +2 more

5 metrics

Shares sold 9,200 shares of Class A Common Stock Sale by director Richard W. Boyce on August 25, 2026

Weighted average sale price $2.38 per share Aggregate price for 9,200 shares sold on August 25, 2026

Sale price range $2.35 to $2.44 per share Price range of multiple sale transactions included in the 9,200-share sale

Shares owned after transaction 4,455 shares of Class A Common Stock Direct holdings of Richard W. Boyce following the August 25, 2026 sale

Net buy/sell shares -9,200 shares Net result of reported insider trading activity in this filing

Key Terms

Class A Common Stock, weighted average price, open market or private transaction

3 terms

Class A Common Stock financial

"The security traded was Smartbird, Inc. <b>Class A Common Stock</b>."

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.

weighted average price financial

"The price reported is a <b>weighted average price</b> for multiple trades."

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.

open market or private transaction financial

"The code description states a sale in an <b>open market or private transaction</b>."

FAQ

What insider transaction did BIRD director Richard W. Boyce report?

Richard W. Boyce reported a sale of 9,200 shares of Smartbird, Inc. Class A Common Stock on August 25, 2026. The transaction was reported as a sale in an open market or private transaction.

At what price were the BIRD shares sold by Richard W. Boyce?

The 9,200 BIRD shares were sold at a weighted average price of $2.38 per share. According to the disclosure, individual trades occurred at prices ranging from $2.35 to $2.44 per share.

How many BIRD shares does Richard W. Boyce own after this transaction?

After the reported sale, Richard W. Boyce directly holds 4,455 shares of Smartbird, Inc. Class A Common Stock. This figure reflects his position following the August 25, 2026 transaction.

What type of security did Richard W. Boyce trade in Smartbird, Inc. (BIRD)?

Richard W. Boyce traded Class A Common Stock of Smartbird, Inc. He sold 9,200 shares in a reported open market or private transaction on August 25, 2026.

Was Richard W. Boyce’s BIRD sale reported as a buy or a sell?

The transaction was reported as a sale of Smartbird, Inc. Class A Common Stock. The filing characterizes it as a “Sale in open market or private transaction.”

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/27/2026 - 04:14 PM Accepted by SEC EDGAR 08/27/2026 - 04:14 PM Learn about SEC filing dates

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^*

BOYCE RICHARD W

(Last) (First) (Middle)

301 COMMERCE STREET

SUITE 3300

(Street)

FORT WORTH TEXAS 76102

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/25/2026		S		9,200	D	$2.38(1)	4,455	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.35 to $2.44, 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.

	/s/ Ann Mitchell	08/27/2026
	** 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)