Owlet (NYSE: OWLT) CEO receives 850,000-share grant and discloses prior sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owlet, Inc. President & CEO Kurt Workman reported receiving a grant of 850,000 shares of Common Stock on April 28, 2026 at $0.00 per share, bringing his directly held stake to 1,232,080 shares.
The Form 4 also lists prior 2025 activity, including open-market sales totaling 52,233 shares at prices between $4.26 and $8.46, after which he still held over 380,000 shares. Some shares were automatically sold in non-discretionary transactions to cover taxes and fees tied to vesting of RSUs, and his balance includes shares acquired through Owlet's Employee Stock Purchase Plan and performance-based RSU awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 52,233 shares ($434,511)
Net Sell
6 txns
Insider
Workman Kurt
Role
President & CEO
Sold
52,233 shs ($435K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 850,000 | $0.00 | -- |
| Sale | Common Stock | 49,056 | $8.46 | $415K |
| Grant/Award | Common Stock | 14,098 | $0.00 | -- |
| Sale | Common Stock | 1,014 | $7.25 | $7K |
| Sale | Common Stock | 1,119 | $6.88 | $8K |
| Sale | Common Stock | 1,044 | $4.26 | $4K |
Holdings After Transaction:
Common Stock — 1,232,080 shares (Direct, null)
Footnotes (1)
- This transaction is being reported late due to an administrative oversight. Represents shares automatically sold in a non-discretionary transaction to cover taxes and fees in connection with the vesting and settlement of restricted stock units ("RSUs"). Balance includes shares purchased by the Reporting Person through the Issuer's Employee Stock Purchase Plan. Reflects shares of the Issuer delivered to the reporting person upon satisfaction of performance criteria underlying an award of performance-based RSUs ("PSUs") granted to the reporting person on March 15, 2022. Represents restricted stock units which will vest as follows: 1/12th of the total original number of restricted stock units shall vest on July 6, 2026 and 1/12th of the total original number of restricted stock units shall vest on the same day of every 3rd month thereafter, subject to the Reporting Person's continuous service to the Issuer through each applicable vesting date.
Key Figures
CEO stock grant: 850,000 shares
Post-grant holdings: 1,232,080 shares
2025 shares sold: 52,233 shares
+3 more
6 metrics
CEO stock grant
850,000 shares
Common Stock granted on April 28, 2026 at $0.00 per share
Post-grant holdings
1,232,080 shares
Common Stock directly held after April 28, 2026 grant
2025 shares sold
52,233 shares
Aggregate Common Stock sales during 2025 per transactionSummary
Largest 2025 sale price
$8.46 per share
49,056-share open-market sale on October 3, 2025
Smallest 2025 sale price
$4.26 per share
1,044-share open-market sale on March 18, 2025
2025 grant
14,098 shares
Common Stock grant on September 30, 2025 at $0.00 per share
Key Terms
restricted stock units, performance-based RSUs, Employee Stock Purchase Plan, non-discretionary transaction, +1 more
5 terms
restricted stock units financial
"Represents shares automatically sold in a non-discretionary transaction to cover taxes and fees in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based RSUs financial
"Reflects shares of the Issuer delivered to the reporting person upon satisfaction of performance criteria underlying an award of performance-based RSUs"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Employee Stock Purchase Plan financial
"Balance includes shares purchased by the Reporting Person through the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
non-discretionary transaction financial
"Represents shares automatically sold in a non-discretionary transaction to cover taxes and fees"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Owlet (OWLT) report for CEO Kurt Workman?
Owlet reported that CEO Kurt Workman received a grant of 850,000 shares of Common Stock on April 28, 2026 at $0.00 per share. This grant increased his directly held position to 1,232,080 shares, according to the Form 4 insider filing.
What do the Owlet (OWLT) Form 4 footnotes say about the CEO’s RSUs?
Footnotes explain that some shares were sold automatically to cover taxes and fees upon RSU vesting and settlement. They also note performance-based RSUs granted on March 15, 2022 and a vesting schedule for restricted stock units that vest quarterly starting July 6, 2026.