Kurt Workman - Aug 20, 2024 Form 4 Insider Report for Owlet, Inc. (OWLT)

Role
Chief Executive Officer, Director
Signature
/s/ Kirsten O'Donnell, Attorney-in-Fact
Stock symbol
OWLT
Transactions as of
Aug 20, 2024
Transactions value $
-$300,000
Form type
4
Date filed
8/22/2024, 04:06 PM
Previous filing
Jun 18, 2024
Next filing
Sep 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OWLT Common Stock Conversion of derivative security $0 +43.7K +21.17% $0.00 250K Aug 20, 2024 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 Series A Convertible Preferred Stock Conversion of derivative security -$300K -300 -60% $1,000.00 200 Aug 20, 2024 Common Stock 43.7K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 20, 2024, the Reporting Person converted 300 shares of Series A Convertible Preferred Stock of Owlet, Inc. (the "Company") at an exchange ratio of 145.7726, pursuant to the terms and conditions of the Investment Agreement, dated February 17, 2023, by and among the Company, the Reporting Person and the other parties thereto. The number of shares and exchange ratio have been adjusted to reflect the 1-for-14 reverse stock split the Company completed on July 7, 2023.
F2 The Series A Convertible Preferred Stock does not have an expiration date.