Form 4: Owlet CFO Kathryn Scolnick Reports Sale of Shares to Cover Taxes
SEC Form 4 Filing
Kathryn Scolnick, CFO of Owlet, Inc., sold 197 shares of common stock on June 17, 2024, to cover taxes and fees related to the vesting of restricted stock units.
Summary
- On June 17, 2024, Kathryn R. Scolnick, the Chief Financial Officer of Owlet, Inc. (OWLT), sold 197 shares of common stock.
- The sale was executed at a price of $4.56 per share.
- This transaction was conducted to cover taxes and fees associated with the vesting and settlement of restricted stock units.
- Following the transaction, Scolnick directly owns 85,207 shares of Owlet, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the transaction: Kathryn Scolnick sold 197 shares of Owlet, Inc. common stock. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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