04/07/2026 | Press release | Distributed by Public on 04/07/2026 16:01
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Crawford Amanda C/O OWLET, INC. 2940 W. MAPLE LOOP DRIVE, SUITE 203 LEHI, UT 84048 |
Chief Financial Officer | |||
| /s/ Kirsten O'Donnell, Attorney-in-Fact | 04/07/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Reflects shares of Class A common stock ('Shares') issued to the Reporting Person in lieu of her earned 2025 annual incentive bonus, in an amount equal to $157,531, pursuant to a one-time election approved by the Compensation Committee of the Issuer's Board of Directors on March 25, 2026. The acquisition of these Shares was specifically approved in advance by the Compensation Committee in accordance with Rule 16b-3(d) and is therefore an exempt acquisition from the Issuer. |
| (2) | In accordance with the terms of the election, the number of Shares was determined by dividing the cash value of $157,531 by the volume weighted average price (VWAP) of the Shares for the five consecutive trading days ending on the trading day immediately preceding the date of issuance. |
| (3) | Includes shares acquired in the Company's employee stock purchase plan ("ESPP"). |
| (4) | Represents shares of common stock withheld to satisfy certain tax obligations in connection with the vesting of restricted stock units ("RSUs") in connection with the acquisition reported in this Report. |