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

Role
Director
Signature
/s/ Kirsten O'Donnell, Attorney-in-Fact
Issuer symbol
OWLT
Transactions as of
23 Jun 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 21:42:51 UTC
Previous filing
18 Apr 2023
Next filing
17 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OWLT Common Stock Options Exercise $0 +3,035 $0.000000 3,035 23 Jun 2023 Direct
transaction OWLT Common Stock Award $0 +41,782 +1377% $0.000000 44,817 18 Jul 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 -3,035 -100% $0.000000* 0 23 Jun 2023 Common Stock 3,035 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