---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-043145"
form_type: "8-K"
ticker: "BIRD"
cik: "0001653909"
company_name: "Allbirds, Inc."
filed_at: "2026-06-15T20:01:39+00:00"
generated_at: "2026-06-15T20:03:52.180176+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Allbirds closes $40.7M sale of footwear business to American Exchange Group; declares special dividend

## Summary
- Closed asset sale of footwear business on June 9, 2026 for $40.7M cash; $3M placed in escrow for 60 days.
- Sale includes global trademarks, inventory, customer lists, and related IP; purchaser assumes certain liabilities.
- Board sets June 25, 2026 as record date for special dividend from sale proceeds; payment within 60 days.
- Transaction enabled by Asset Purchase Agreement originally signed March 29, 2026.

## SEC filing metadata
- accession: 0001628280-26-043145
- form_type: 8-K
- ticker: BIRD
- cik: 0001653909
- company_name: Allbirds, Inc.
- filed_at: 2026-06-15T20:01:39+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653909/000162828026043145/0001628280-26-043145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653909/000162828026043145/bird-20260609.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-043145
- JSON: https://secwatch.observer/filing/0001628280-26-043145.json
- Plain text: https://secwatch.observer/filing/0001628280-26-043145.txt

## Key facts
- M&A Transactions
  Allbirds, Inc. completed a disposition involving American Exchange Group (through Allbirds IP LLC) for $40.7 million in cash (closed 2026-06-09).
  - Action: disposition
  - Counterparty: American Exchange Group (through Allbirds IP LLC)
  - Consideration: $40.7 million in cash
  - Closing: 2026-06-09
  source text: of the transactions contemplated by the Asset Sale (the “ Closing ”). At the Closing, the aggregate consideration received by the Company in connection with the Asset Sale was $40.7 million in cash (the “ Purchase Price ”), as adjusted to reflect the purchase price adjustments set forth in the Asset Purchase Agreement and the release of $2.0 million in cash from the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653909/000162828026043145/0001628280-26-043145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.