4//SEC Filing
Trilogy Equity Partners, LLC 4
Accession 0000950170-24-023912
CIK 0001816708other
Filed
Feb 29, 7:00 PM ET
Accepted
Mar 1, 4:27 PM ET
Size
8.9 KB
Accession
0000950170-24-023912
Insider Transaction Report
Form 4
Owlet, Inc.OWLT
Trilogy Equity Partners, LLC
10% Owner
Transactions
- Purchase
Series B Convertible Preferred Stock
2024-02-29$1000.00/sh+2,286$2,286,000→ 2,286 totalExercise: $1000.00From: 2024-02-29→ Class A Common Stock (296,401 underlying) - Purchase
Common Stock Warrant (Right To Buy)
2024-02-29+444,601→ 444,601 totalExercise: $7.71From: 2024-02-29Exp: 2029-03-01→ Class A Common Stock (444,601 underlying)
Footnotes (3)
- [F1]The Series B Convertible Preferred Stock is convertible into shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), of Owlet, Inc. (the "Company"). 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 Company and Trilogy Equity Partners, LLC ("Trilogy"), amongst others.
- [F2]The Series B Convertible Preferred Stock does not have an expiration date.
- [F3]As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 29, 2024, by the Company and Trilogy (the "Warrant"), the exercise price and the number of shares of the Company'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.
Documents
Issuer
Owlet, Inc.
CIK 0001816708
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001875623
Filing Metadata
- Form type
- 4
- Filed
- Feb 29, 7:00 PM ET
- Accepted
- Mar 1, 4:27 PM ET
- Size
- 8.9 KB