Key facts
- This page summarizes Eclipse Continuity GP I, LLC's Form 4 filing for Owlet, Inc. (OWLT).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 22 Feb 2023, 19:42.
Eclipse Continuity GP I, LLC - 17 Feb 2023 Form 4 Insider Report for Owlet, Inc. (OWLT)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OWLT
- Reported as of
- 17 Feb 2023
- Net transaction value
- +$20,200,000
- SEC form
- 4
- Accepted by SEC
- 22 Feb 2023, 19:42:31 UTC
- Prior SEC filing
- 19 Jul 2021
- Next SEC filing
- 04 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- Eclipse Early Growth Fund I, L.P., by: Eclipse Early Growth GP I LLC, its General Partner /s/ Lior Susan, Managing Member
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Eclipse Continuity GP I, LLC filed Form 4 for Owlet, Inc. (OWLT) on 22 Feb 2023.
Change
- Previous filing in this sequence was filed on 19 Jul 2021.
- Current net transaction value: +$20,200,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OWLT
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 13,561,716
- Date
- 17 Feb 2023
- Ownership
- See footnotes
- Footnotes
- F1
OWLT
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 14,930,616
- Date
- 17 Feb 2023
- Ownership
- See footnotes
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OWLT
transaction
Derivative
Series A Convertible Preferred Stock
Purchase
- Transaction value
- $20,200,000
- Shares
- +20,200
- Change %
- Price
- $1000.00*
- Shares after
- 20,200
- Date
- 17 Feb 2023
- Ownership
- See footnotes
- Underlying class
- Class A Common Stock
- Underlying amount
- 41,224,489
- Exercise price
- $1000.00
- Footnotes
- F3, F4, F5
OWLT
transaction
Derivative
Warrant to Purchase Class A Common Stock
Purchase
- Transaction value
- Shares
- +74,204,080
- Change %
- Price
- Shares after
- 74,204,080
- Date
- 17 Feb 2023
- Ownership
- See footnotes
- Underlying class
- Class A Common Stock
- Underlying amount
- 74,204,080
- Exercise price
- $0.3330
- Footnotes
- F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
The shares of Class A common stock are held of record by Eclipse Ventures Fund I, L.P. ("Eclipse I"). Eclipse Ventures GP I, LLC ("Eclipse I GP") is the general partner of Eclipse I and may be deemed to have voting and dispositive power over the shares held by Eclipse I. Lior Susan is the sole managing member of Eclipse I GP and may be deemed to have voting and dispositive power over the shares held by Eclipse I. Eclipse I GP and Lior Susan disclaim beneficial ownership of the shares held by Eclipse I except to the extent of their respective pecuniary interests therein, if any.
Footnote F2
The shares of Class A common stock are held of record by Eclipse Continuity Fund I, L.P. ("Eclipse Continuity I"). Eclipse Continuity GP I, LLC ("Eclipse Continuity GP") is the general partner of Eclipse Continuity I and may be deemed to have voting and dispositive power over the shares held by Eclipse Continuity I. Lior Susan is the sole managing member of Eclipse Continuity GP and may be deemed to have voting and dispositive power over the shares held by Eclipse Continuity I. Eclipse Continuity GP and Mr. Susan disclaim beneficial ownership of the shares held by Eclipse Continuity I except to the extent of their respective pecuniary interests therein, if any.
Footnote F3
The Series A Convertible Preferred Stock ("Series A") is convertible into shares of common stock of the Issuer. The conversion rate shall initially be 2,040.8163 shares of Class A Common Stock per each share of Series A, subject to adjustment from time to time pursuant to the terms and conditions of the Investment Agreement, dated February 17, 2023, by and among the Issuer and Eclipse Early Growth Fund I, L.P., amongst others.
Footnote F4
The Series A does not have an expiration date.
Footnote F5
The shares of Series A are held of record by Eclipse Early Growth Fund I, L.P. ("Eclipse EGF I"). Eclipse Early Growth GP I, LLC ("Eclipse EG GP I") is the general partner of Eclipse EGF I and may be deemed to have voting and dispositive power over the shares held by Eclipse EGF I. Lior Susan is the sole managing member of Eclipse EG GP I and may be deemed to have voting and dispositive power over the shares held by Eclipse EGF I. Eclipse EGF GP I and Mr. Susan disclaim beneficial ownership of the shares held by Eclipse EGF I except to the extent of their respective pecuniary interests therein, if any.
Footnote F6
As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 17, 2023, by the Issuer and Eclipse EGF I (the "Warrant"), the exercise price and the number of shares of the Issuer's Class A Common Stock issuable on exercise are subject to adjustment upon the occurrence of certain events. As such, the exercise price and the number of shares of Class A Common Stock issuable upon exercise as reported on this Form 4 are subject to change upon the occurrence of future events in accordance with the terms of the Warrant.