[144] The Greenbrier Companies, Inc. SEC Filing

Rhea-AI Filing Summary

Owlet, Inc. (NYSE: OWLT) – Schedule 13G/A filed 8 July 2025

Kinderhook 2 LP, together with its general partner Kinderhook 2 GP LLC and co-managing members Stephen J. Clearman and Tushar Shah, reported beneficial ownership of 1,138,278 Class A common shares of Owlet, Inc. The position represents 6.89 % of the company’s 16,524,690 shares outstanding as of 31 March 2025.

All shares are held directly by Kinderhook 2 LP, with voting and dispositive power delegated to the GP. Both individual managers disclaim pecuniary interest beyond their indirect holdings. The certification language indicates the stake is passive and not intended to influence control.

Key ownership details

• Amount owned: 1,138,278 shares
• Voting power: Sole – 1,138,278; Shared – 0
• Dispositive power: Sole – 1,138,278; Shared – 0
• Filing triggered: Ownership above 5 % threshold as of 30 June 2025

No purchase price, transaction dates, or prior ownership levels are disclosed in this amendment, leaving the timing and cost basis of the position unclear. The filing merely updates the market on the size of Kinderhook’s passive stake.

Insights

Financial Analyst

TL;DR: Kinderhook discloses a passive 6.9 % stake in Owlet; informational, market-neutral.

The 13G/A confirms that a mid-market private-equity vehicle—Kinderhook 2 LP—owns just under 7 % of Owlet’s equity. The absence of 13D language, activist commentary, or purchase chronology suggests a passive, long-only holding. From a valuation perspective, the stake size is not large enough to control outcomes, yet large enough to supply liquidity if sold. Because no transaction details are included, investors cannot infer entry price or conviction change. Overall impact on near-term share price is likely minimal, but the disclosure improves transparency around the shareholder base.

Corporate Governance Expert

TL;DR: Filing broadens visibility into Owlet’s top holders; no control intent declared.

Schedule 13G/A classification signals that Kinderhook is not seeking board representation or strategic influence. Owlet’s governance regime remains unchanged, and there is no indication of coordinated activity with other investors. Should Kinderhook’s stake approach 10 %, Section 16 obligations would arise, but at 6.9 % they remain outside insider status. The disclosure is therefore procedural rather than catalytic. Investors should nonetheless monitor subsequent filings—conversion to a 13D would denote a shift to an activist stance.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 225 Liberty Street 39th Floor New York NY 10281	3747	207134.00	30883672	07/10/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/05/2025	Stock Option	Greenbrier Companies Inc			3197	01/05/2025	Vested Stock Grant for Board Member
Common	01/24/2020	Stock Option	Greenbrier Companies Inc			3454	01/24/2020	Vested Stock Grant for Board Member

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)