Scolnick Kathryn R. 4
4 · Owlet, Inc. · Filed Sep 12, 2023
Insider Transaction Report
Form 4
Owlet, Inc.OWLT
Scolnick Kathryn R.
Chief Financial Officer
Transactions
- Award
Common Stock
2023-09-10+65,719→ 97,468 total - Disposition to Issuer
Stock Option (Right to Buy)
2023-09-10−17,650→ 0 totalExercise: $65.38Exp: 2031-11-15→ Common Stock (17,650 underlying) - Award
Stock Option (Right to Buy)
2023-09-10+17,650→ 17,650 totalExercise: $4.21Exp: 2031-11-15→ Common Stock (17,650 underlying)
Footnotes (2)
- [F1]Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting. 100% of the RSUs shall vest on September 6, 2024, subject to the Reporting Person's continued service to the Issuer through such vesting date.
- [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the cancellation of the old option and the grant of a replacement option. The option was originally granted on November 15, 2021 and provided for vesting in accordance with the following schedule: 25% on the first anniversary of February 15, 2021 (the "Vesting Commencement Date") and in equal installments on a quarterly basis thereafter until the fourth anniversary of the Vesting Commencement Date.