Allbirds (BIRD) Proxy filing summary

Executive summary

• Entered into an Asset Purchase Agreement to sell certain assets to Allbirds IP LLC, affiliated with American Exchange Group, with the transaction subject to shareholder approval at a special meeting.

• Support Agreements were signed with shareholders holding about 71% voting power, committing them to vote in favor of the Asset Sale and related proposals.

• Forward-looking statements highlight risks and uncertainties regarding the completion and effects of the Asset Sale, including potential delays, execution costs, and impacts on company assets.

• The Proxy Statement will be filed with the SEC and mailed to shareholders, containing important information about the Asset Sale and related matters.

Voting matters and shareholder proposals

• Shareholders will vote on the approval of the Asset Sale and related matters at a special meeting, with the Board recommending approval.

• Proxy Statement will include proposals for the Asset Sale and other related items, with major shareholders already committed to support.

Board of directors and corporate governance

• Support Agreements include board members and entities with board nomination rights, ensuring alignment between board and major shareholders on the Asset Sale.

• Directors and executive officers may be deemed participants in the proxy solicitation for the Asset Sale.