Trilogy Equity Partners, LLC 4
4 · Owlet, Inc. · Filed Aug 22, 2024
Insider Transaction Report
Form 4
Owlet, Inc.OWLT
Trilogy Equity Partners, LLC
10% Owner
Transactions
- Conversion
Series A Convertible Preferred Stock
2024-08-20$1000.00/sh−1,631$1,631,000→ 1,086 totalFrom: 2023-02-17→ Common Stock (237,755 underlying) - Conversion
Common Stock
2024-08-20+237,755→ 880,999 total
Footnotes (2)
- [F1]On August 20, 2024, the Reporting Person converted 1,631 shares of Series A Convertible Preferred Stock of Owlet, Inc. (the "Company") at an exchange ratio of 145.7726, pursuant to the terms and conditions of the Investment Agreement (Institutional Accounts), dated February 17, 2023, by and among the Company, the Reporting Person and the other parties thereto. The number of shares and exchange ratio have been adjusted to reflect the 1-for-14 reverse stock split the Company completed on July 7, 2023.
- [F2]The Series A Convertible Preferred Stock does not have an expiration date.