Vernachio Joseph 4

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.