0001628280-23-032135.txt : 20230912 0001628280-23-032135.hdr.sgml : 20230912 20230912212858 ACCESSION NUMBER: 0001628280-23-032135 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230910 FILED AS OF DATE: 20230912 DATE AS OF CHANGE: 20230912 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Scolnick Kathryn R. CENTRAL INDEX KEY: 0001749118 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39516 FILM NUMBER: 231251476 MAIL ADDRESS: STREET 1: 3300 N ASHTON BLVD STREET 2: STE 300 CITY: LEHI STATE: UT ZIP: 84043 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Owlet, Inc. CENTRAL INDEX KEY: 0001816708 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2088 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 424-208-8488 MAIL ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2088 CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: Sandbridge Acquisition Corp DATE OF NAME CHANGE: 20200702 4 1 wk-form4_1694568529.xml FORM 4 X0508 4 2023-09-10 0 0001816708 Owlet, Inc. OWLT 0001749118 Scolnick Kathryn R. C/O OWLET, INC. 3300 NORTH ASHTON BOULEVARD, SUITE 300 LEHI UT 84043 0 1 0 0 Chief Financial Officer 0 Common Stock 2023-09-10 4 A 0 65719 0 A 97468 D Stock Option (Right to Buy) 65.38 2023-09-10 4 D 0 17650 D 2031-11-15 Common Stock 17650 0 D Stock Option (Right to Buy) 4.21 2023-09-10 4 A 0 17650 A 2031-11-15 Common Stock 17650 17650 D Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting. 100% of the RSUs shall vest on September 6, 2024, subject to the Reporting Person's continued service to the Issuer through such vesting date. The two reported transactions involved an amendment of an outstanding option, resulting in the cancellation of the old option and the grant of a replacement option. The option was originally granted on November 15, 2021 and provided for vesting in accordance with the following schedule: 25% on the first anniversary of February 15, 2021 (the "Vesting Commencement Date") and in equal installments on a quarterly basis thereafter until the fourth anniversary of the Vesting Commencement Date. 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. /s/ Kirsten O'Donnell, Attorney-in-Fact 2023-09-12