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

Role
10%+ Owner
Signature
/s/ Amy McCullough, President and Manager
Issuer symbol
OWLT
Transactions as of
17 Feb 2023
Net transactions value
$0
Form type
3
Filing time
22 Feb 2023, 18:36:09 UTC
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OWLT Common Stock 9,005,428 17 Feb 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 17 Feb 2023 Common Stock 5,544,897 Direct F1
holding OWLT Warrants (Right to Purchase Shares of Common Stock) 17 Feb 2023 Common Stock 9,980,814 $0.3330 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.