0001628280-24-008515.txt : 20240304 0001628280-24-008515.hdr.sgml : 20240304 20240304162501 ACCESSION NUMBER: 0001628280-24-008515 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kim John C. CENTRAL INDEX KEY: 0001868479 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39516 FILM NUMBER: 24715265 MAIL ADDRESS: STREET 1: C/O OWLET, INC. STREET 2: 2500 EXECUTIVE PARKWAY, SUITE 500 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] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3300 NORTH ASHTON BOULEVARD STREET 2: SUITE 300 CITY: LEHI STATE: UT ZIP: 84043 BUSINESS PHONE: 8443345330 MAIL ADDRESS: STREET 1: 3300 NORTH ASHTON BOULEVARD STREET 2: SUITE 300 CITY: LEHI STATE: UT ZIP: 84043 FORMER COMPANY: FORMER CONFORMED NAME: Sandbridge Acquisition Corp DATE OF NAME CHANGE: 20200702 4 1 wk-form4_1709587167.xml FORM 4 X0508 4 2024-02-29 0 0001816708 Owlet, Inc. OWLT 0001868479 Kim John C. C/O OWLET, INC. 3300 NORTH ASHTON BOULEVARD, SUITE 300 LEHI UT 84043 1 0 0 0 0 Series B Convertible Preferred Stock 2024-02-29 4 P 0 250 1000 A 2024-02-19 Common Stock 32414 250 D Common Stock Warrant (Right to Buy) 7.7125 2024-02-29 4 P 0 48621 A 2024-02-29 2029-03-01 Common Stock 48621 48621 D The Series B Convertible Preferred Stock is convertible into shares of Class A common stock, par value $0.0001 per share ("Common Stock") of the Issuer. The conversion rate shall initially be 129.6596 shares of Common Stock per each share of Series B Convertible Preferred Stock, subject to adjustment from time to time pursuant to the terms and conditions of the Investment Agreement, dated February 25, 2024, by and among the Issuer and Mr. Kim, amongst others. The Series B Convertible Preferred Stock does not have an expiration date. As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 29, 2024, by the Issuer and Mr. Kim (the "Warrant"), the exercise price and the number of shares of the Issuer's Common Stock issuable upon exercise are subject to adjustment upon the occurrence of certain events. As such, the exercise price and the number of shares of Common Stock issuable upon exercise as reported on this Form 4 are subject to change upon the occurrence of future events in accordance with the terms of the Warrant. /s/ Kirsten O'Donnell, Attorney-in-Fact 2024-03-04