SCHEDULE 13G/A: Timothy O. Brown Amends Allbirds, Inc. Stake, Disclosing 11.9% Beneficial Ownership of Class A Common Stock

Timothy O. Brown, a New Zealand citizen, has filed an Amendment No. 3 to Schedule 13G, disclosing beneficial ownership of 726,270 shares of Allbirds, Inc. Class A Common Stock, representing 11.9% of the outstanding Class A shares as of September 30, 2024.

Summary

• The filing is an Amendment No. 3 to Schedule 13G, filed by Timothy O. Brown, a citizen of New Zealand, regarding his beneficial ownership in Allbirds, Inc.
• As of September 30, 2024, Mr. Brown beneficially owned an aggregate of 726,270 shares of Allbirds, Inc.'s Class A Common Stock.
• This ownership represents 11.9% of the Issuer's outstanding Class A Common Stock.
• Mr. Brown's beneficial ownership also accounts for 9.1% of the Issuer's total outstanding Common Stock and 22.5% of the total voting power.
• The beneficial ownership includes 697,797 shares of Class B Common Stock and 28,473 shares of Class A Common Stock.
• The Class B Common Stock component consists of 666,546 shares held by Timothy O. Brown and Lindsay T. Brown as Trustees of the Grenadier Trust, and 31,251 shares issuable upon the exercise of vested stock options within 60 days of September 30, 2024.
• The Class A Common Stock component consists of 28,473 shares issuable upon the exercise of vested stock options within 60 days of September 30, 2024.
• Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis and carries 10 votes per share, while Class A Common Stock carries one vote per share.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Positives

• Timothy O. Brown, a significant shareholder, maintains a substantial beneficial ownership stake of 11.9% in Class A Common Stock and 22.5% of total voting power, indicating continued commitment to Allbirds, Inc.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant shareholder and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant shareholder's stake and voting power.

Key Dates

Keywords

Allbirds, Inc., Timothy O. Brown, Schedule 13G, beneficial ownership, Class A Common Stock, Class B Common Stock, SEC filing, shareholder, voting power, stock options