Form 4 for OWLT Owlet, Inc.
Accepted 2024-08-22 00:00:00 ET · period of report 2024-08-20 · accession 0001628280-24-038216 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-08-22 | 2024-08-20 | OWLT | Trilogy Equity Partners, LLC | 10% | C - Cnv Deriv | $0.00 | +237.8K | 881.0K | +37% | $0 |
| D | 2024-08-22 | 2024-08-20 | OWLT | Trilogy Equity Partners, LLC | 10% | C - Cnv Deriv | $1,000.00 | -1,631 | 1,086 | -60% | -$1.63M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-08-20 | C | A | 237,755 | $0.00 | 880,999 | D | — | — | (F1) On August 20, 2024, the Reporting Person converted 1,631 shares of Series A Convertible Preferred Stock of Owlet, Inc. (the "Company") at an exchange ratio of 145.7726, pursuant to the terms and conditions of the Investment Agreement (Institutional Accounts), dated February 17, 2023, by and among the Company, the Reporting Person and the other parties thereto. The number of shares and exchange ratio have been adjusted to reflect the 1-for-14 reverse stock split the Company completed on July 7, 2023. |
| 2 | Derivative | Series A Convertible Preferred Stock | 2024-08-20 | C | D | 1,631 | $1,000.00 | 1,086 | D | — · 2023-02-17 to — | 237,755 Common Stock | (F1) On August 20, 2024, the Reporting Person converted 1,631 shares of Series A Convertible Preferred Stock of Owlet, Inc. (the "Company") at an exchange ratio of 145.7726, pursuant to the terms and conditions of the Investment Agreement (Institutional Accounts), dated February 17, 2023, by and among the Company, the Reporting Person and the other parties thereto. The number of shares and exchange ratio have been adjusted to reflect the 1-for-14 reverse stock split the Company completed on July 7, 2023. (F2) The Series A Convertible Preferred Stock does not have an expiration date. |