Form 4: Susan Lior Reports Changes in Beneficial Ownership of Owlet, Inc. Securities

Susan Lior, a director and 10% owner of Owlet, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's securities due to transactions on February 29, 2024.

Summary

• On March 4, 2024, Susan Lior, a director and 10% owner of Owlet, Inc., filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Owlet's securities.
• The reported transactions occurred on February 29, 2024.
• These transactions involve Series B Convertible Preferred Stock and Common Stock Warrants.
• Lior holds these securities indirectly through Eclipse Ventures Fund I, L.P., Eclipse Continuity Fund I, L.P., and Eclipse Early Growth Fund I, L.P.
• Lior disclaims beneficial ownership of the shares held by these entities except to the extent of her pecuniary interests.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The exercise price and the number of shares of the Issuer's Common Stock issuable upon exercise are subject to adjustment upon the occurrence of certain events.

Industry Context

Form 4 filings are a standard part of regulatory compliance for individuals with significant ownership in publicly traded companies, providing transparency into their transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a director and significant shareholder.
• The transactions may influence investor perception of the company's stock.

Key Dates