4//SEC Filing
Susan Lior 4
Accession 0001628280-23-004652
CIK 0001816708other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 8:46 PM ET
Size
9.7 KB
Accession
0001628280-23-004652
Insider Transaction Report
Form 4
Owlet, Inc.OWLT
Susan Lior
Director10% Owner
Transactions
- Purchase
Series A Convertible Preferred Stock
2023-02-17$1000.00/sh+20,200$20,200,000→ 20,200 total(indirect: See footnote.)Exercise: $1000.00From: 2023-02-17→ Common Stock (41,224,489 underlying) - Purchase
Warrants (Right to Purchase Shares of Common Stock)
2023-02-17+74,204,080→ 74,204,080 total(indirect: See footnote.)Exercise: $0.33From: 2023-02-17Exp: 2028-02-17→ Common Stock (74,204,080 underlying)
Footnotes (4)
- [F1]The Series A 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 2,040.8163 shares of Common Stock per each share of Series A Convertible Preferred Stock, subject to adjustment from time to time pursuant to the terms and conditions of the Investment Agreement, dated February 17, 2023, by and among the Company and Eclipse Early Growth Fund I, L.P., amongst others.
- [F2]The Series A Convertible Preferred Stock does not have an expiration date.
- [F3]The shares of Series A Convertible Preferred Stock are held of record by Eclipse Early Growth Fund I, L.P. ("Eclipse EGF I"). Eclipse Early Growth GP I, LLC ("Eclipse EG GP I") is the general partner of Eclipse EGF I and may be deemed to have voting and dispositive power over the shares held by Eclipse EGF I. Mr. Susan is the sole managing member of Eclipse EG GP I and may be deemed to have voting and dispositive power over the shares held by Eclipse EGF I. Eclipse EGF GP I and Mr. Susan disclaim beneficial ownership of the shares held by Eclipse EGF I except to the extent of their respective pecuniary interests therein, if any.
- [F4]As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 17, 2023, by the Company and Eclipse EGF I, the exercise price and the number of shares of the Company's Common Stock issuable on 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
Related Parties
1- filerCIK 0001832895
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 8:46 PM ET
- Size
- 9.7 KB