Harris Jonathan 4

What Happened

• Jonathan Harris, President and CEO of Owlet, reported multiple open-market sales and RSU awards. Between July 17, 2025 and February 26, 2026 he sold a total of 26,750 shares for aggregate proceeds of about $276,788 (individual sales ranged from $7.72 to $11.50 per share). He also recorded two non-cash acquisitions (awards) totaling 101,690 RSUs (60,024 and 41,666 shares) with $0 purchase price.
• The sales are routine open-market disposals; the acquisitions are equity awards (restricted stock units), including a performance-based tranche that was certified on February 26, 2026.

Key Details

• Transaction dates & amounts:
  • 2025-07-17: Sold 1,945 shares @ $8.03 = $15,618
  • 2025-08-19: Sold 3,315 shares @ $7.72 = $25,592
  • 2025-09-30: Awarded 60,024 RSUs @ $0.00 (non-cash award)
  • 2025-10-16: Sold 1,851 shares @ $8.75 = $16,196
  • 2025-11-17: Sold 3,423 shares @ $10.49 = $35,907
  • 2026-02-17: Sold 3,540 shares @ $10.65 = $37,701
  • 2026-02-26: Awarded 41,666 RSUs @ $0.00 (performance-based; certified)
  • 2026-02-26: Sold 12,676 shares @ $11.50 = $145,774
• Total sold: 26,750 shares for ~ $276,788. Total RSUs reported: 101,690 shares awarded (non-cash).
• Footnotes of note:
  • F1: At least one transaction was reported late due to an administrative oversight (filing timeliness = L).
  • F2: Some shares were automatically sold to cover taxes/fees on RSU vesting (non-discretionary, tax withholding).
  • F3: The 60,024 RSUs vest 100% on December 15, 2026, subject to continued service.
  • F4: The 41,666 shares reflect a performance-based RSU tranche certified (and vested upon certification) on Feb 26, 2026; it is one of six tranches tied to cumulative net revenue targets.
• Shares owned after these transactions: Not specified in the excerpt provided.

Context

• The acquisitions are RSU awards (compensation), not cash purchases; some RSUs vest over time (time-based) while others are performance-based and vested upon certification. Automatic sales to cover taxes are common and do not necessarily indicate a change in insider sentiment. The filing notes a late report for at least one transaction (administrative oversight), which investors should consider when assessing timing.