4//SEC Filing
Workman Kurt 4
Accession 0001628280-23-004653
CIK 0001816708other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 8:47 PM ET
Size
8.7 KB
Accession
0001628280-23-004653
Insider Transaction Report
Form 4
Owlet, Inc.OWLT
Workman Kurt
Director
Transactions
- Purchase
Series A Convertible Preferred Stock
2023-02-17$1000.00/sh+500$500,000→ 500 totalExercise: $1000.00From: 2023-02-17→ Common Stock (1,020,408 underlying) - Purchase
Warrants (Right to Purchase Shares of Common Stock)
2023-02-17+1,836,734→ 1,836,734 totalExercise: $0.33From: 2023-02-17Exp: 2028-02-17→ Common Stock (1,836,734 underlying)
Footnotes (3)
- [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 Mr. Workman, amongst others.
- [F2]The Series A 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 17, 2023, by the Company and Mr. Workman (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
Related Parties
1- filerCIK 0001868338
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 8:47 PM ET
- Size
- 8.7 KB