Allbirds CFO Mitchell Ann sells $11,493 in stock

Published 04/03/2025, 23:54
Allbirds CFO Mitchell Ann sells $11,493 in stock

SAN FRANCISCO—Mitchell Ann, the Chief Financial Officer of Allbirds , Inc. (NASDAQ:BIRD), recently sold 1,876 shares of the company’s Class A common stock. The shares were sold on March 3, 2025, at a weighted average price of $6.1268, totaling approximately $11,493. The transaction comes as Allbirds trades near its 52-week low of $5.90, with the stock down about 67% over the past year. According to InvestingPro analysis, the company currently appears undervalued.

These sales were conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as noted in the filing. This transaction does not represent a discretionary sale by Ann.

In addition to the sales, Ann acquired 21,500 restricted stock units (RSUs) on March 1, 2025. Each RSU represents a contingent right to receive one share of Allbirds’ Class A common stock upon settlement. The RSUs will vest in installments, with the first vesting occurring three months from the grant date, contingent on Ann’s continued service with the company.

Following these transactions, Ann holds a total of 80,599 shares of Allbirds’ Class A common stock. The company maintains a strong liquidity position with a current ratio of 3.39, though it faces near-term challenges with negative EBITDA of $82.9 million in the last twelve months.

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