Owlet (OWLT) Director Zane Burke Receives RSU Awards

What Happened

• Director Zane M. Burke received two equity awards (restricted stock units, RSUs) from Owlet, totaling 45,781 RSUs: 18,996 RSUs granted on 2025-10-16 and 26,785 RSUs granted on 2026-08-12. Both were reported as awards (code A) at $0.00 per share (no cash purchase).
• These RSUs convert to one share of common stock per RSU upon vesting; the filing indicates vesting will occur on the earlier of the first anniversary of each grant or immediately prior to the next annual meeting, subject to continued service. The Form 4 was filed on 2026-08-21 and noted a late filing due to an administrative oversight.

Key Details

• Transaction types: Grant/Award (A) — RSUs
• Dates and amounts: 2025-10-16 — 18,996 RSUs; 2026-08-12 — 26,785 RSUs
• Price: $0.00 per RSU (awarded, not purchased); total awarded = 45,781 RSUs
• Vesting (per footnote): Each RSU converts to one share; full vesting on earlier of 1-year anniversary or immediately before next annual meeting, subject to continued service
• Filing timeliness: Reported late (footnote F1 cites administrative oversight); filing received 2026-08-21 for a 2025-10-16 report — timeliness flag: L
• Shares owned after transaction: Not specified in the provided filing excerpt
• Additional remark: Exhibit 24.1 (Power of Attorney) included

Context

• RSU awards are a form of compensation that become actual shares only upon vesting; they are not open-market purchases or sales and do not by themselves indicate immediate buying or selling activity.
• Because this is a director compensation award (not an option exercise or sale), it’s primarily a grant of future equity contingent on continued service and vesting conditions.