Kathryn R. Scolnick - Nov 15, 2021 Form 4 Insider Report for Owlet, Inc. (OWLT)

Role: Chief Financial Officer
Signature: /s/ Jacob Briem, Attorney-in-Fact
Stock symbol: OWLT
Transactions as of: Nov 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/17/2021, 06:50 PM
Previous filing: Jul 19, 2021
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OWLT	Common Stock	Award	$0	+247K		$0.00	247K	Nov 15, 2021	Direct	F1, F2

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	+247K		$0.00	247K	Nov 15, 2021	Common Stock	247K	$4.67	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Constitute 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, 2021 (the "Vesting Commencement Date"), and 1/16th of the total number RSUs vest quarterly thereafter, subject to the Reporting Person's continued service to the issuer.
F2	Includes 247,113 RSUs.
F3	25% of the shares subject to the option vest on the first anniversary measured from March 15, 2021 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date.