Form 4 for OWLT Owlet, Inc.

Accepted 2024-08-22 00:00:00 ET · period of report 2024-08-20 · accession 0001628280-24-038221 · 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	Workman Kurt	CEO, Dir	C - Cnv Deriv	$0.00	+43.7K	250.3K	+21%	$0
D	2024-08-22	2024-08-20	OWLT	Workman Kurt	CEO, Dir	C - Cnv Deriv	$1,000.00	-300	200	-60%	-$300.0K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-08-20	C	A	43,731	$0.00	250,254	D	—	—	(F1) On August 20, 2024, the Reporting Person converted 300 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, 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	300	$1,000.00	200	D	$0.00 · 2023-02-17 to —	43,731 Common Stock	(F1) On August 20, 2024, the Reporting Person converted 300 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, 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.