4//SEC Filing
DEUTCH PHILIP J 4
Accession 0000899243-21-043114
CIK 0001861449other
Filed
Nov 3, 8:00 PM ET
Accepted
Nov 4, 8:31 PM ET
Size
11.3 KB
Accession
0000899243-21-043114
Insider Transaction Report
Form 4
DEUTCH PHILIP J
Director10% Owner
Transactions
- Conversion
Class A Common Stock
2021-11-04+7,826,250→ 7,826,250 total(indirect: See Footnote) - Conversion
Class B Common Stock
2021-11-04−7,826,250→ 0 total(indirect: See Footnote)→ Class A Common Stock (7,826,250 underlying) - Award
Private Placement Warrants
2021-11-04$1.50/sh+6,550,000$9,825,000→ 6,550,000 total(indirect: See Footnote)Exercise: $11.50→ Class A Common Stock (6,550,000 underlying)
Footnotes (5)
- [F1]In connection with the closing of the business combination (the "Business Combination") between Switchback II Corporation ("Switchback"), Maverick Merger Sub Inc., Bird Rides, Inc. and the Issuer on November 4, 2021, the Reporting Person's shares of Class B Common Stock automatically converted into shares of the Issuer's Class A Common Stock on a one-for-one basis.
- [F2]NGP Switchback II, LLC (the "Sponsor") is the record holder of the shares reported herein. Mr. Deutch is a manager of the Sponsor. As such, Mr. Deutch may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor.
- [F3]The shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
- [F4]The warrants will become exercisable on the later of 30 days after the completion of the Business Combination and 12 months from the closing of Switchback's initial public offering. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for Switchback's initial public offering.
- [F5]Includes 5,550,000 private placement warrants issued to the Sponsor in connection with Switchback's initial public offering and 1,000,000 private warrants issued to the Sponsor upon exercise of its right to convert a $1,500,000 principal amount of working capital loans made by the Sponsor to Switchback at a price of $1.50.
Documents
Issuer
Bird Global, Inc.
CIK 0001861449
Entity typeother
Related Parties
1- filerCIK 0001241831
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 8:00 PM ET
- Accepted
- Nov 4, 8:31 PM ET
- Size
- 11.3 KB