Nathaniel Yoo - 15 Feb 2022 Form 4 Insider Report for Owlet, Inc. (OWLT)

Role: Chief Accounting Officer
Signature: /s/ Jacob Briem, Attorney-in-Fact
Issuer symbol: OWLT
Transactions as of: 15 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 17 Feb 2022, 20:29:07 UTC
Next filing: 17 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OWLT	Common Stock	Award	$0	+240K		$0.00	240K	15 Feb 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OWLT	Stock Option (Right to Buy)	Award	$0	+79.9K		$0.00	79.9K	15 Feb 2022	Common Stock	79.9K	$1.83	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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. 25% of the RSUs shall vest on the one-year anniversary of February 15, 2022, and 1/12th of the remaining 75% of the RSUs shall vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F2	25% of the shares subject to the option shall vest on the one-year anniversary of January 10, 2022, and 1/36th of the remaining 75% of the shares subject to the option shall vest in equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer though the applicable vesting date.

Content

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. 25% of the RSUs shall vest on the one-year anniversary of February 15, 2022, and 1/12th of the remaining 75% of the RSUs shall vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.

25% of the shares subject to the option shall vest on the one-year anniversary of January 10, 2022, and 1/36th of the remaining 75% of the shares subject to the option shall vest in equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer though the applicable vesting date.