Trilogy Equity Partners, LLC - Feb 17, 2023 Form 3 Insider Report for Owlet, Inc. (OWLT)

Role: 10%+ Owner
Signature: /s/ Amy McCullough, President and Manager
Stock symbol: OWLT
Transactions as of: Feb 17, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/22/2023, 06:36 PM
Next filing: Mar 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OWLT	Common Stock						9.01M	Feb 17, 2023	Direct

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
holding	OWLT	Series A Convertible Preferred Stock							Feb 17, 2023	Common Stock	5.54M		Direct	F1
holding	OWLT	Warrants (Right to Purchase Shares of Common Stock)							Feb 17, 2023	Common Stock	9.98M	$0.33	Direct

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

Explanation of Responses:

Id	Content
F1	The 2,717 shares of Series A Convertible Preferred Stock ("Series A Preferred Stock") is convertible into Owlet, Inc. Class A common stock ("Common Stock") at the option of the holder at any time. The initial number of shares issuable upon conversion is determined by the number of Series A Preferred Stock multiplied by 2,040.8163, subject to adjustment upon the occurrence of certain events. The number of shares of Common Stock reported in Column 3 reflects the conversion rate.

Content

The 2,717 shares of Series A Convertible Preferred Stock ("Series A Preferred Stock") is convertible into Owlet, Inc. Class A common stock ("Common Stock") at the option of the holder at any time. The initial number of shares issuable upon conversion is determined by the number of Series A Preferred Stock multiplied by 2,040.8163, subject to adjustment upon the occurrence of certain events. The number of shares of Common Stock reported in Column 3 reflects the conversion rate.