Smartbird CFO sells 19.5K shares for taxes

Smartbird’s CFO executed a non-discretionary sale of shares to cover tax withholding from RSU vesting, retaining a sizable direct equity position.

Rhea-AI Filing Summary

Smartbird, Inc. (BIRD) reported that its Chief Financial Officer, Ann Mitchell, sold shares of Class A Common Stock on September 18, 2026 in connection with tax withholding on vesting restricted stock units. 19,508 shares were sold through a non-discretionary "sell to cover" transaction at a weighted average price of about $2.30 per share, leaving her with 821,115 directly held shares. The filing states these sales were solely to satisfy tax obligations and were not discretionary trades.

Insider Trade Summary

Net Seller: 19,508 shares

Net Sell 1 txn

Insider Mitchell Ann

Role Chief Financial Officer

Sold 19,508 shs ($45K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	19,508	$2.30	$45K

Holdings After Transaction: Class A Common Stock — 821,115 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.275 to $2.325, 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: 19,508 shares Weighted average sale price: $2.30 per share Sale price range: $2.275–$2.325 per share +2 more

5 metrics

Shares sold 19,508 shares Class A Common Stock sold on September 18, 2026 by the CFO

Weighted average sale price $2.30 per share Aggregate price for the 19,508 shares sold on September 18, 2026

Sale price range $2.275–$2.325 per share Range of prices across multiple transactions included in the sale

Shares held after transaction 821,115 shares Directly owned Class A Common Stock by the CFO after the sale

Net shares sold in this Form 4 19,508 shares Net sell activity reported in the transaction summary

Key Terms

sell to cover, restricted stock units, weighted average price, non-discretionary transactions

4 terms

sell to cover financial

"shares sold by the Reporting Person to cover tax withholding obligations"

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.

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.

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.

non-discretionary transactions financial

"do not represent discretionary transactions by the Reporting Person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Smartbird (BIRD) disclose for its CFO?

Smartbird disclosed that CFO Ann Mitchell sold 19,508 shares of Class A Common Stock on September 18, 2026 in connection with tax withholding from vesting restricted stock units via a non-discretionary "sell to cover" transaction.

At what price were the BIRD shares sold in the CFO’s September 18, 2026 transaction?

The CFO’s shares were sold at a weighted average price of $2.30 per share, with individual trades occurring between $2.275 and $2.325 per share, inclusive. This range reflects multiple transactions aggregated into the reported weighted average price.

How many Smartbird (BIRD) shares does the CFO hold after this Form 4 transaction?

After the September 18, 2026 sale, CFO Ann Mitchell directly holds 821,115 shares of Smartbird Class A Common Stock, as reported in the Form 4 filing’s post-transaction ownership figure.

Was the Smartbird (BIRD) CFO’s share sale a discretionary trade?

No. The filing states the sales were made to cover tax withholding obligations related to vesting and settlement of restricted stock units through a "sell to cover" transaction and do not represent discretionary transactions by the CFO.

Was the Smartbird (BIRD) CFO’s transaction under a Rule 10b5-1 trading plan?

The Form 4 indicates no Rule 10b5-1 plan was affirmed for this transaction, and the footnote describes it instead as a tax-related "sell to cover" sale tied to RSU vesting.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/21/2026 - 04:57 PM Accepted by SEC EDGAR 09/21/2026 - 04:56 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^*

Mitchell Ann

(Last) (First) (Middle)

C/O SMARTBIRD, INC.

1875 MISSION STREET, SUITE 130

(Street)

SAN FRANCISCO CALIFORNIA 94103

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/18/2026		S(1)		19,508	D	$2.3(2)	821,115	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. 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.275 to $2.325, 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	09/21/2026
	** 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)