Carlsten Nadia Catherine 4

What Happened
Nadia Catherine Carlsten, CEO of Smartbird, sold 117,459 shares on June 25, 2026 at $4.21 per share, with total proceeds of approximately $494,632. The filing notes the sale was a "sell-to-cover" to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs), and was not a discretionary sale.

Key Details

• Transaction date and price: 2026-06-25, 117,459 shares at $4.21 each.
• Proceeds: ~$494,632.
• Transaction type/code: Sale (S) — reported as open-market/private sale and described as sell-to-cover for tax withholding (Footnote F1).
• Filing date: 2026-06-26 (filed timely the day after the transaction).
• Shares owned after transaction: Not specified in the provided filing—see the full Form 4 for the post-transaction holdings.
• Not reported as part of a 10b5-1 plan; explicitly described as to cover tax withholding, not a discretionary trade.

Context
Sell-to-cover transactions are common when RSUs vest: the company or broker sells enough shares to cover taxes and delivers the net shares to the insider. Such sales are typically administrative and do not necessarily reflect the insider’s view of the company’s prospects. Purchases would generally be interpreted as a stronger bullish signal than routine tax-withholding sales.