Smartbird (BIRD) CEO Nadia Carlsten Sells 36,315 Shares

What Happened
Nadia Catherine Carlsten, CEO and Director of Smartbird, sold 36,315 shares on 2026-09-02. The filing reports a weighted-average price of $2.44 per share for total proceeds of approximately $88,609. The sale was a disposition to the issuer to cover tax withholding on vested restricted stock units (RSUs), not an open-market discretionary sale.

Key Details

• Transaction date: 2026-09-02 (filed 2026-09-03 — timely).
• Shares sold: 36,315; reported weighted-average price: $2.44; total proceeds: ~$88,609.
• Price range: sales occurred at prices between $2.42 and $2.47 (weighted average reported).
• Transaction code: D (disposition to issuer) with footnote indicating a "sell-to-cover" for tax withholding.
• Shares owned after the transaction: not disclosed in this Form 4.
• Filing timeliness: filed the next day (no late filing indicated).

Context
A "sell-to-cover" occurs when shares are sold to satisfy tax withholding obligations on vested awards; these transactions are routine and generally do not signal a change in insider confidence. For retail investors, purchases or large open-market sales can be more informative than automated tax-withholding dispositions.