Sec Form 3 Filing - CRAFT VENTURES GP I, LLC @ Bird Global, Inc. - 2021-11-04

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
CRAFT VENTURES GP I, LLC
2. Issuer Name and Ticker or Trading Symbol
Bird Global, Inc. [ BRDS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
855 FRONT STREET
3. Date of Earliest Transaction (MM/DD/YY)
11/04/2021
(Street)
SAN FRANCISCO, CA94111
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 20,769,528 I See footnote( 1 )
Class A Common Stock 3,888,286 I See footnote( 2 )
Class A Common Stock 2,290,615 I See footnote( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Earnout Shares ( 5 ) ( 4 ) ( 4 ) Class A Common Stock 2,416,730 I See Footnote( 1 )
Earnout Shares ( 5 ) ( 4 ) ( 4 ) Class A Common Stock 452,438 I See Footnote( 2 )
Earnout Shares ( 5 ) ( 4 ) ( 4 ) Class A Common Stock 266,534 I See Footnote( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CRAFT VENTURES GP I, LLC
855 FRONT STREET
SAN FRANCISCO, CA94111
X
CRAFT VENTURES I, L.P.
855 FRONT STREET
SAN FRANCISCO, CA94111
X
CRAFT VENTURES I-A, L.P.
855 FRONT STREET
SAN FRANCISCO, CA94111
X
CRAFT VENTURES I-B, L.P.
855 FRONT STREET
SAN FRANCISCO, CA94111
X
Signatures
Craft Ventures I, L.P. By: Craft Ventures GP I, LLC, its general partner By: /s/ David O. Sacks, Managing Member 11/23/2021
Signature of Reporting Person Date
Craft Ventures I-A, L.P. By: Craft Ventures GP I, LLC, its general partner By: /s/ David O. Sacks, Managing Member 11/23/2021
Signature of Reporting Person Date
Craft Ventures I-B, L.P. By: Craft Ventures GP I, LLC, its general partner By: /s/ David O. Sacks, Managing Member 11/23/2021
Signature of Reporting Person Date
Craft Ventures GP I, LLC By: /s/ David O. Sacks, Managing Member 11/23/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares held by Craft Ventures I, L.P. ("Craft I"). Craft Ventures GP I, LLC ("Craft I GP") is the general partner of Craft I and David O. Sacks is a managing member of Craft I GP. Craft I GP disclaims beneficial ownership of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
( 2 )Represents shares held by Craft Ventures I-A, L.P. ("Craft I-A"). Craft I GP is the general partner of Craft I-A. Craft I GP disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
( 3 )Represents shares held by Craft Ventures I-B, L.P. ("Craft I-B"). Craft I GP is the general partner of Craft I-B. Craft I GP disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
( 4 )The earnout shares 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.
( 5 )Each earnout share represents a contingent right to receive one share of the Issuer's Class A Common Stock upon the satisfaction of the earnout share vesting terms.

Remarks:
David O. Sacks has separately filed a Form 3 with respect to the securities reported herein.

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 4(b)(v).
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