Gonzales Melissa 4

What Happened

• Melissa Gonzales, a director of Owlet, Inc. (OWLT), was granted 18,996 restricted stock units (RSUs) on 2025-10-16. The grant was reported as an acquisition at $0.00 per share (total reported value $0) because these are time-based equity awards rather than a cash purchase.
• The RSUs entitle Gonzales to receive one share of Owlet common stock for each RSU upon vesting.

Key Details

• Transaction date: 2025-10-16; Report filed: 2026-04-30 (late filing).
• Grant amount: 18,996 RSUs; reported price: $0.00 per RSU; reported acquisition value: $0.
• Vesting: RSUs will fully vest on the earlier of (a) the first anniversary of the grant date or (b) immediately before the next annual meeting of stockholders, subject to continued service.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: The Form 4 was filed late due to an administrative oversight (footnote disclosed by the filer). This is marked as a late report (timeliness = L).

Context

• RSUs are a common form of equity compensation and do not represent immediate sale or purchase of shares—shares are delivered only when the units vest. No cash changed hands at grant; the award reflects compensation/retention rather than a market-direction trade.
• The late filing is an administrative reporting issue; it does not change the economic terms of the grant but affects when the market was formally notified.