John C. Kim - Jun 23, 2023 Form 4 Insider Report for Owlet, Inc. (OWLT)

Role
Director
Signature
/s/ Kirsten O'Donnell, Attorney-in-Fact
Stock symbol
OWLT
Transactions as of
Jun 23, 2023
Transactions value $
$0
Form type
4
Date filed
7/20/2023, 09:42 PM
Previous filing
Apr 18, 2023
Next filing
Oct 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OWLT Common Stock Options Exercise $0 +3.04K $0.00 3.04K Jun 23, 2023 Direct
transaction OWLT Common Stock Award $0 +41.8K +1376.67% $0.00 44.8K Jul 18, 2023 Direct F1

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 Restricted Stock Units Options Exercise $0 -3.04K -100% $0.00* 0 Jun 23, 2023 Common Stock 3.04K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of the Company's common stock for each RSU upon vesting. The RSUs will vest in full on the earlier of June 23, 2024 or the date of the Company's next annual meeting of stockholders, subject to the Reporting Person's continued service on the Company's board of directors on the vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3 The RSUs vested on June 23, 2023.

Remarks:

On July 7, 2023, the Issuer effected a 1-for-14 reverse stock split of its Class A common stock. The share counts herein have been adjusted to reflect the reverse stock split