Carlsten Nadia Catherine 4

What Happened

• Nadia Carlsten, CEO of Smartbird, was granted 1,532,379 restricted stock units (RSUs) on June 18, 2026. The reported acquisition price is $0, so the grant had no cash purchase cost reported. Under the filing, 255,397 of those RSUs vested on June 18, 2026; the remainder vest over time as described below.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filing appears late relative to the usual two-business-day requirement).
• Security: RSUs representing the contingent right to receive Class A common shares; price per unit reported $0; total reported cash value $0.
• Vesting: 255,397 RSUs vested on 2026-06-18. The remaining RSUs vest at 1/16 of the remainder each quarter thereafter, subject to continuous service under the 2021 Equity Incentive Plan (per footnote).
• Shares owned after transaction and any tax-withholding settlement were not specified in the provided summary of the filing.
• Footnote summary: Each RSU equals a contingent right to one share upon settlement; vesting schedule as above.

Context

• This was a compensation grant (award), not a purchase or sale of existing shares. Grants are a routine part of executive compensation and do not directly signal buying or selling interest by the insider.
• For retail investors: purchases or sales by insiders are generally more directly informative about personal views; awards primarily reflect company compensation policy and vest over time. The late filing may be worth noting but does not itself indicate financial intent.