Smartbird (BIRD) Director Richard W. Boyce Sells 48,277 Shares

What Happened
Richard W. Boyce, a director of Smartbird, converted 48,277 shares of Class B common stock into Class A common stock and immediately sold those 48,277 Class A shares in open-market transactions on September 18, 2026. The weighted-average sale price was $2.31 per share, for total proceeds of approximately $111,520. The conversion itself involved no cash consideration; it simply changed the share class to permit the sale.

Key Details

• Transaction date: September 18, 2026 (filed on September 22, 2026). Filing was within the normal Form 4 window.
• Sale: 48,277 Class A shares disposed in open-market transactions; weighted-average price $2.31; reported price range $2.27–$2.44 (multiple trades).
• Conversion: 48,277 Class B shares were converted into Class A shares immediately prior to the sale (Class B → Class A conversion has no expiration and is at the holder’s option).
• Shares held after transaction: Not specified in the provided filing.
• Record ownership: Shares are held of record by the Dick W. Boyce & Sandy W. Boyce Revocable Trust (Reporting Person is co-trustee with shared voting and investment power).
• Footnotes: F1 explains convertibility of Class B to Class A; F2 notes the weighted-average price and that per-trade breakdown is available on request; F3 identifies the trust holding.

Context
This was a sale following a conversion of Class B to Class A stock (a common way for insiders to liquidate holdings when Class B shares convert 1:1). Sales are routine insider transactions and do not, by themselves, indicate the insider’s view of the company’s prospects. No option exercise, award, or tax-withholding event is reported here — only conversion plus sale.