Form 4: Allbirds CEO Joseph Vernachio Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Allbirds CEO Joseph Vernachio sold 47,351 shares of Class A Common Stock on September 3, 2024, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Summary
- On September 3, 2024, Joseph Vernachio, the CEO of Allbirds, Inc., sold 47,351 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $0.5999.
- The price range for individual transactions was between $0.5713 and $0.6758.
- Following the transaction, Vernachio still beneficially owns 870,736 shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales to cover tax obligations are a routine part of executive compensation and equity awards.
Stakeholder Impact
- The sale of shares by the CEO may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock sale transaction |
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