Smartbird, Inc. (NASDAQ:BIRD) Chief Executive Officer Nadia Carlsten executed a non-discretionary sale of 117,459 Class A Common Stock shares on June 25, 2026, generating $494,631 to satisfy tax withholding requirements associated with restricted stock unit vesting. The transaction occurs amid a challenging market environment for Smartbird, with the stock declining 28% over the past week and 57% over the past year, currently trading at $4.41 with a $37.69 million market capitalization. Following the sale, Ms. Carlsten retains direct ownership of 1,414,920 shares. The transaction takes place against the backdrop of Smartbird's strategic transformation, including the completion of its Allbirds footwear assets sale and its rebranding to NewBird AI, supported by a $50 million convertible financing facility with an institutional investor. William Blair has discontinued coverage of Allbirds following this strategic shift, while Smartbird has appointed Ms. Carlsten as its new president and CEO, marking a definitive transition to an AI infrastructure provider.
The sale was executed to fulfill tax withholding obligations tied to the vesting and settlement of restricted stock units. This was a