Key facts
- This page summarizes Eclipse Continuity GP I, LLC's Form 4 filing for Owlet, Inc. (OWLT).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 22 Aug 2024, 16:52.
Eclipse Continuity GP I, LLC - 20 Aug 2024 Form 4 Insider Report for Owlet, Inc. (OWLT)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OWLT
- Reported as of
- 20 Aug 2024
- Net transaction value
- -$12,120,000
- SEC form
- 4
- Accepted by SEC
- 22 Aug 2024, 16:52:56 UTC
- Prior SEC filing
- 04 Mar 2024
- Next SEC filing
- 15 Oct 2025
- 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 Aug 2024.
Change
- Previous filing in this sequence was filed on 04 Mar 2024.
- Current net transaction value: -$12,120,000.
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
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +1,766,763
- Change %
- Price
- $0.000000
- Shares after
- 1,766,763
- Date
- 20 Aug 2024
- Ownership
- See footnote
- Footnotes
- F3, F4
OWLT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 968,694
- Date
- 20 Aug 2024
- Ownership
- See footnote
- Footnotes
- F1
OWLT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,066,472
- Date
- 20 Aug 2024
- Ownership
- See footnote
- 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
Conversion of derivative security
- Transaction value
- $12,120,000
- Shares
- -12,120
- Change %
- -60%
- Price
- $1000.00
- Shares after
- 8,080
- Date
- 20 Aug 2024
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 1,766,763
- Exercise price
- $0.000000
- Footnotes
- F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), of the Issuer 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, a member of the Issuer's board of directors, 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 Mr. 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 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. Mr. Susan, a member of the Issuer's board of directors, 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
On August 20, 2024, Eclipse Early Growth Fund I, L.P. ("Eclipse EGF I") converted 12,120 shares of Series A Convertible Preferred Stock of the Issuer at an exchange ratio of 145.7726, pursuant to the terms and conditions of the Investment Agreement (Excluded Investors), dated February 17, 2023, by and among the Issuer, Eclipse EGF I 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 Issuer completed on July 7, 2023.
Footnote F4
The shares of Common Stock are held of record by 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. Mr. 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 EG 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 F5
The Series A Convertible Preferred Stock does not have an expiration date.