Vernachio Joseph 4
4 · Allbirds, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Allbirds (BIRD) CEO Vernachio Joseph Sells 3,359 Shares
What Happened Vernachio Joseph, CEO of Allbirds (BIRD), sold 3,359 shares on June 2, 2026, at a weighted average price of $4.47 per share for total proceeds of about $15,007. The filing lists the transaction as a sale (code S) and notes the shares were sold to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs), not as a discretionary investment decision.
Key Details
- Transaction date: 2026-06-02; Form 4 filed: 2026-06-03 (timely).
- Shares sold: 3,359; weighted average price reported: $4.47; total proceeds ≈ $15,007.
- Reported price range: $4.41 to $4.52 (sales occurred in multiple trades; issuer will provide per-trade breakdown on request).
- Reason: "sell to cover" tax withholding for RSU vesting (footnote F1).
- Transaction type: Open market/private sale (S); sale not reported as discretionary by the insider.
- Shares owned after the transaction: Not specified in the supplied filing.
Context Sell-to-cover transactions are common when RSUs vest and typically reflect tax withholding needs rather than a CEO expressing a market view. Purchases by insiders tend to carry more signal value than routine withholding sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-02$4.47/sh−3,359$15,007→ 82,210 total
Footnotes (2)
- [F1]The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.41to $4.52, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.