{"id":759695,"date":"2023-05-19T08:11:25","date_gmt":"2023-05-19T12:11:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-management-announces-purchase-of-shares-by-management-and-directors\/"},"modified":"2023-05-19T08:11:25","modified_gmt":"2023-05-19T12:11:25","slug":"bird-management-announces-purchase-of-shares-by-management-and-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-management-announces-purchase-of-shares-by-management-and-directors\/","title":{"rendered":"Bird Management Announces Purchase of Shares by Management and Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Bird Management Announces Purchase of Shares by Management and Directors<\/b><\/p>\n<p>MIAMI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBird Global, Inc. (NYSE: BRDS, \u201cBird\u201d), a leader in environmentally friendly electric transportation, today announced completed purchases of BRDS Class A common stock on the open market by certain officers and directors: Chief Executive Officer Shane Torchiana and Chairman and Founder Travis VanderZanden, totaling over 1.5 million shares purchased.<\/p>\n<p>\n&#8220;Senior leadership has continued to purchase shares due to the disconnect between share price and our expectation to increase long-term value by generating free cash flow,&#8221; said <b>Shane Torchiana, CEO, Bird<\/b>. &#8220;Coming off of our best ever Q1 performance in gross margin, free cash flow, and adjusted EBITDA, we are optimistic about our ability to reach profitability as the weather improves from the winter months.&#8221;<\/p>\n<p><b>About Bird<\/b><\/p>\n<p>\nBird is an electric vehicle company dedicated to bringing affordable, environmentally friendly transportation solutions such as e-scooters and e-bikes to communities across the world. Founded in 2017 by transportation pioneer Travis VanderZanden, Bird\u2019s cleaner, affordable, and on-demand mobility solutions are available in more than 350 cities, primarily across the United States, Canada, Europe, the Middle East, and Australia. We take a collaborative, community-first approach to micromobility. Bird partners closely with the cities in which it operates to provide a reliable and affordable transportation option for people who live and work there.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts may be forward-looking statements. Such forward-looking statements include, but are not limited to, statements regarding the expected benefits of the transaction; our intention to close on additional funding this quarter; our path to profitability and our future financial performance, operations, operating results and financial condition. We have based these forward-looking statements largely on our current expectations. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, our ability to cure our New York Stock Exchange (\u201cNYSE\u201d) price deficiency and meet the continued listing requirements of the NYSE; risks related to our relatively short operating history and our new and evolving business model, which makes it difficult to evaluate our future prospects, forecast financial results, and assess the risks and challenges we may face; our ability to achieve or maintain profitability in the future; our ability to retain existing riders or add new riders; our Fleet Managers\u2019 ability to maintain vehicle quality or service levels; our ability to evaluate our business and prospects in the new and rapidly changing industry in which we operate; risks related to the impact of poor weather and seasonality on our business; our ability to obtain vehicles that meet our quality specifications in sufficient quantities on commercially reasonable terms; our ability to compete successfully in the highly competitive industries in which we operate; risks related to our substantial indebtedness; our ability to secure additional financing; risks related to the effective operation of mobile operating systems, networks and standards that we do not control; risks related to action by governmental authorities to restrict access to our products and services in their localities; risks related to claims, lawsuits, arbitration proceedings, government investigations and other proceedings to which we are regularly subject; risks related to compliance, market and other risks, including the ongoing conflict between Ukraine and Russia, in relation to any expansion by us into international markets; any continuing impact of the COVID-19 pandemic on our business, financial condition, and results of operations; risks related to the impact of impairment of our long-lived assets and the other important factors discussed in Part I, Item 1A. \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the year ended December 31, 2022 , and described from time to time in our future reports filed with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release and while we believe such information forms a reasonable basis for such statements, these statements are inherently uncertain and you are cautioned not to unduly rely upon these statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230519005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230519005086\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230519005086\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:Investor@bird.co\">Investor@bird.co<\/a><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:Press@bird.co\">Press@bird.co<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Florida United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Sustainability Environment EV\/Electric Vehicles Alternative Vehicles\/Fuels Automotive Public Transport Green Technology Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230519005086\/en\/1798320\/3\/bird_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Bird Management Announces Purchase of Shares by Management and Directors MIAMI&#8211;(BUSINESS WIRE)&#8211; Bird Global, Inc. (NYSE: BRDS, \u201cBird\u201d), a leader in environmentally friendly electric transportation, today announced completed purchases of BRDS Class A common stock on the open market by certain officers and directors: Chief Executive Officer Shane Torchiana and Chairman and Founder Travis VanderZanden, totaling over 1.5 million shares purchased. &#8220;Senior leadership has continued to purchase shares due to the disconnect between share price and our expectation to increase long-term value by generating free cash flow,&#8221; said Shane Torchiana, CEO, Bird. &#8220;Coming off of our best ever Q1 performance in gross margin, free cash flow, and adjusted EBITDA, we are optimistic about our ability to reach profitability as the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-management-announces-purchase-of-shares-by-management-and-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bird Management Announces Purchase of Shares by Management and Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-759695","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bird Management Announces Purchase of Shares by Management and Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-management-announces-purchase-of-shares-by-management-and-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bird Management Announces Purchase of Shares by Management and Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bird Management Announces Purchase of Shares by Management and Directors MIAMI&#8211;(BUSINESS WIRE)&#8211; Bird Global, Inc. (NYSE: BRDS, \u201cBird\u201d), a leader in environmentally friendly electric transportation, today announced completed purchases of BRDS Class A common stock on the open market by certain officers and directors: Chief Executive Officer Shane Torchiana and Chairman and Founder Travis VanderZanden, totaling over 1.5 million shares purchased. &#8220;Senior leadership has continued to purchase shares due to the disconnect between share price and our expectation to increase long-term value by generating free cash flow,&#8221; said Shane Torchiana, CEO, Bird. &#8220;Coming off of our best ever Q1 performance in gross margin, free cash flow, and adjusted EBITDA, we are optimistic about our ability to reach profitability as the &hellip; Continue reading &quot;Bird Management Announces Purchase of Shares by Management and Directors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-management-announces-purchase-of-shares-by-management-and-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T12:11:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230519005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-management-announces-purchase-of-shares-by-management-and-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-management-announces-purchase-of-shares-by-management-and-directors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bird Management Announces Purchase of Shares by Management and Directors\",\"datePublished\":\"2023-05-19T12:11:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-management-announces-purchase-of-shares-by-management-and-directors\\\/\"},\"wordCount\":829,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-management-announces-purchase-of-shares-by-management-and-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230519005086r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-management-announces-purchase-of-shares-by-management-and-directors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-management-announces-purchase-of-shares-by-management-and-directors\\\/\",\"name\":\"Bird Management Announces Purchase of Shares by Management and Directors - 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