Bird Global, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

Net Loss Per Share Attributable to Common Stockholders

9 Months Ended

Sep. 30, 2021

Net Loss Per Share Attributable to Common Stockholders

Note 10 – Net Loss Per Share Attributable to Common Stockholders

asic loss per share is computed by dividing net loss attributable to Common Stockholders by the weighted-average number of shares of Common Stock outstanding during the period without consideration for Common Stock equivalents.

Diluted net loss per share attributable to Common Stockholders is computed by dividing net loss by the weighted-average number of shares of Common Stock outstanding during the period and potentially dilutive Common Stock equivalents, including stock options,

RSU

s, warrants to purchase Senior Preferred Stock, Prime Preferred Stock, and Prior Preferred Stock, shares of Senior Preferred Stock, Prime Preferred Stock, and Prior Preferred Stock, and Founders Preferred Stock, except in cases where the effect of the Common Stock equivalent would be antidilutive. Potential

Common Stock

equivalents consist of Common Stock issuable upon exercise of stock options and vesting of RSUs using the treasury stock method. Since the Company was in a loss position during the nine months ended September 30, 2021 and 2020, respectively, basic and diluted earnings per share are the same as the effect of the conversion of

Redeemable Convertible

Preferred Stock and assumed exercise of warrants, stock options, and vesting of RSUs, which is anti-dilutive.

The following table presents the calculation of basic and diluted net loss per share attributable to Common Stockholders (in thousands, except per share amounts):


	Three months ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Numerator:
Net loss attributable to common stockholders	$	(41,808	)	$	(43,795	)	$	(170,052	)	$	(164,094	)
Denominator:
Basic and diluted weighted-average shares outstanding		58,157			44,661			55,866			40,118
Loss per share:

Basic and diluted loss per share	$	(0.72	)	$	(0.98	)	$	(3.04	)	$	(4.09	)

The following outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):


	As of September 30,
	2021		2020
Redeemable convertible preferred stock		—		153,739
Redeemable convertible senior preferred stock		29,234		—
Redeemable convertible prime preferred stock		149,446		—
Exchanged common stock		4,293		—
Founders convertible preferred stock		4,540		4,540
Unvested common stock shares		589		9,121
Stock options		14,755		18,198
Restricted stock units		5,825		—
Warrants to purchase redeemable convertible preferred stock				68
Warrants to purchase redeemable convertible prime preferred stock		68		—
Warrants to purchase redeemable convertible senior preferred stock		3,208		—

Total		211,958		185,666