Nathaniel Yoo - Feb 15, 2022 Form 4 Insider Report for Owlet, Inc. (OWLT)

Role
Chief Accounting Officer
Signature
/s/ Jacob Briem, Attorney-in-Fact
Stock symbol
OWLT
Transactions as of
Feb 15, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 08:29 PM
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OWLT Common Stock Award $0 +240K $0.00 240K Feb 15, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OWLT Stock Option (Right to Buy) Award $0 +79.9K $0.00 79.9K Feb 15, 2022 Common Stock 79.9K $1.83 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting. 25% of the RSUs shall vest on the one-year anniversary of February 15, 2022, and 1/12th of the remaining 75% of the RSUs shall vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F2 25% of the shares subject to the option shall vest on the one-year anniversary of January 10, 2022, and 1/36th of the remaining 75% of the shares subject to the option shall vest in equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer though the applicable vesting date.