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

Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share Attributable to Common Stockholders

Loss Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2022

Loss Per Share Attributable to Common Stockholders

Loss Per Share Attributable to Common StockholdersBasic 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 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 and potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be anti-dilutive.

The Company computes loss per share using the two-class method. The rights, including the liquidation and dividend rights, of the Class A Common Stock and Class X Common Stock are identical, other than voting rights. Accordingly, the Class A Common Stock and Class X Common Stock share equally in the Company’s net losses. Because the computed loss per share for holders of the Class A Common Stock and the Class X Common Stock is identical, we do not present separate loss per share computations.

Loss per share for the three and six months ended June 30, 2021 was retroactively restated to reflect the application of the Business Combination. Net loss for the three and six months ended June 30, 2021 was adjusted to reflect the accrual of paid-in kind dividends earned by certain holders of senior preferred stock. The following table presents the calculation of basic and diluted loss per share attributable to common stockholders (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net loss	$	(310,419)	$	(43,686)	$	(300,068)	$	(119,886)
Adjustments to net loss	—		(6,328)		—		(8,358)
Net loss attributable to common stockholders	$	(310,419)	$	(50,014)	$	(300,068)	$	(128,244)
Weighted-average shares outstanding, basic and diluted	272,017		49,724		270,927		48,114
Loss per share, basic and diluted	$	(1.14)	$	(1.01)	$	(1.11)	$	(2.67)

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


	As of June 30,
	2022	2021
Redeemable Convertible Senior Preferred Stock	—	25,714
Redeemable Convertible Prime Preferred Stock and Exchanged Common Stock	—	135,225
Founders Convertible Preferred Stock	—	3,993
Unvested shares of Common Stock	—	900
Stock options	11,200	14,275
RSUs	29,960	4,232
Management Award RSUs	29,073	—
Warrants to purchase Redeemable Convertible Senior Preferred Stock	—	2,822
Warrants to purchase Redeemable Convertible Prime Preferred Stock	—	60
Warrants to purchase Class A Common Stock	12,935	—
Contingently issuable shares	1,977	—
Total	85,145	187,221

While the portion of the Earnout Shares designated to holders of common stock of Bird Rides immediately prior to the consummation of the Business Combination would have been anti-dilutive for the periods presented, such Earnout Shares are not outstanding securities and have been excluded from the table above.