Monitor for the actual sale on Form 4 to confirm execution. The small size relative to typical director holdings suggests this is a routine portfolio diversification move with limited market impact.
Price Chart
Executive Summary
Director Richard W. Boyce filed a Form 144 notice of intent to sell 48,277 shares of Smartbird (BIRD) Class A Common Stock, with an approximate market value of $117,795 based on a recent sale price of $2.44/share. The shares are held in a revocable trust and were acquired through pre-IPO investments and compensation. This represents a relatively small portion of the director's total holdings and the company's market cap, making it a routine insider sale.
Key Facts
- Director Richard W. Boyce intends to sell 48,277 shares of Class A Common Stock.
- Approximate market value of the proposed sale is $117,795.
- Shares are held by the Dick W Boyce & Sandy W Boyce Revocable Trust.
- Shares were acquired through pre-IPO investments (2016-2017), pre-IPO secondary purchases (2020), and compensation (2021).
- The sale is planned through J.P. Morgan Securities LLC on or after September 18, 2026.
- The filing is an advance notice of intent to sell, not a completed transaction.
Financial Impact
Proposed sale of 48,277 shares valued at approximately $117,795.
Risk Factors
- Insider selling could signal lack of confidence if followed by additional filings from other insiders.
- The sale may be completed over time, potentially adding modest selling pressure.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000995 |
| Document: 0001968582-26-000995-index.html | 0001968582-26-000995 |
| Document: 0001968582-26-000995.txt | 0001968582-26-000995 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 3 | $3.17 | awaiting T+60 | — | $2.08 (−34.38%) |
Sep 22, 2026 4w ago | Insider Cluster | $2.37 | awaiting T+60 | — | $2.08 (+12.24%) |
Sep 18, 2026 5w ago | 144 | $2.37 | awaiting T+60 | — | $2.08 (−12.24%) |
Aug 25, 2026 8w ago | 144 | $2.38 | awaiting T+60 | — | $2.08 (−12.61%) |
Jul 1, 2026 16w ago | 8-K | $3.85 | awaiting T+60 | — | $2.08 (+45.97%) |
Jun 17, 2026 18w ago | 8-K | $5.48 $2.44 | ▲ +55.47% | ▲ +58.62% | $2.08 (+62.04%) |
Jun 15, 2026 19w ago | 8-K | $3.94 $2.43 | ▼ −38.32% | ▼ −39.32% | $2.08 (−47.21%) |
Jun 11, 2026 19w ago | 424B5 | $3.66 $2.50 | ▲ +31.69% | ▲ +34.96% | $2.08 (+43.17%) |
May 28, 2026 21w ago | 8-K | $4.12 | awaiting T+60 | — | $2.08 (+49.51%) |
May 8, 2026 24w ago | DEFM14A | $5.60 $2.27 | ▼ −59.46% | ▼ −64.30% | $2.08 (−62.86%) |
US Market Status
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