Bird Global (BRDSQ) Form 3 Bird Global / Shane Torchiana ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Torchiana Shane

(Last) (First) (Middle)

C/O BIRD GLOBAL, INC.

406 BROADWAY, SUITE 369

(Street)

SANTA MONICA, CA 90401

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/20/2022

3. Issuer Name and Ticker or Trading Symbol
Bird Global, Inc. [ BRDS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	1,603,694(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	(2)	03/18/2030	Class A Common Stock	146,596	0.16	D
Stock Option	(3)	03/30/2029	Class A Common Stock	74,214	0.16	D

Explanation of Responses:

1. Includes (a) an award of 439,788 restricted stock units, all of which vest on April 20, 2022 (b) 76,865 earn-out shares that will vest in three substantially equal installments if the Issuer's Class A Common Stock achieves a price per share for any ten trading days within any 20 consecutive trading period prior to November 4, 2026 that equals or exceeds the following thresholds: $12.50, $20.00 and $30.00; (c) 750,000 earn-out shares that will vest in three substantially equal installments based on the foregoing stock price vesting conditions and subject to an additional time-based vesting requirement whereby such shares will vest in 16 substantially equal quarterly installments beginning on November 4, 2021; and (d) 250,000 restricted stock units, 25% of which will vest on December 1, 2022, with the remaining 75% vesting in 12 equal quarterly installments thereafter. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. The option is vested with respect to 54,973 shares of Class A Common Stock and vests with respect to the remaining shares in substantially equal monthly installments until fully vested on January 31, 2024.

3. The option is vested with respect to 41,230 shares of Class A Common Stock and vests with respect to the remaining shares in substantially equal monthly installments until fully vested on January 6, 2023.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Kevin Lee, attorney-in-fact	01/27/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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