Owlet (OWLT) director John C. Kim receives 18,996 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kim John C. reported acquisition or exercise transactions in this Form 4 filing.
Owlet, Inc. director John C. Kim received an equity grant of 18,996 restricted stock units (RSUs). Each RSU entitles him to one share of Owlet common stock upon vesting, at no purchase price. After this grant, he holds 252,026 shares/RSUs in total.
The RSUs will fully vest on the earlier of the first anniversary of the grant date or immediately before Owlet’s next annual stockholder meeting, as long as he continues to serve the company through that date. The filing notes that this transaction was reported late due to an administrative oversight.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kim John C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,996 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 252,026 shares (Direct, null)
Footnotes (1)
- This transaction is being reported late due to an administrative oversight. Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of the Company's common stock for each RSU upon vesting. The RSUs will fully vest on the earlier of (a) the first anniversary of the date of grant or (b) immediately prior to the next annual meeting of the Company's stockholders after the date of grant, subject to the Reporting Person's continued service to the Issuer through such vesting date.
Key Figures
RSU grant: 18,996 units
Grant price: $0.00 per unit
Total holdings after grant: 252,026 shares/RSUs
+1 more
4 metrics
RSU grant
18,996 units
Restricted stock units awarded to director John C. Kim
Grant price
$0.00 per unit
Stated price per RSU in the award
Total holdings after grant
252,026 shares/RSUs
Direct ownership reported following the RSU award
Vesting trigger
Earlier of first anniversary or next annual meeting
RSUs fully vest on the earlier of these dates, subject to continued service
Key Terms
restricted stock units ("RSUs"), annual meeting of the Company's stockholders, administrative oversight
3 terms
restricted stock units ("RSUs") financial
"Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
annual meeting of the Company's stockholders financial
"immediately prior to the next annual meeting of the Company's stockholders after the date of grant..."
administrative oversight regulatory
"This transaction is being reported late due to an administrative oversight."
FAQ
What did Owlet (OWLT) director John C. Kim report in this Form 4?
John C. Kim reported receiving 18,996 restricted stock units from Owlet. Each RSU converts into one share of common stock upon vesting, increasing his total reported holdings to 252,026 shares or RSUs, all as part of equity-based director compensation.
How many Owlet (OWLT) RSUs were granted to John C. Kim and at what price?
He was granted 18,996 restricted stock units with a stated price of $0.00 per unit. These RSUs represent share-based compensation, not an open-market purchase, and convert into an equal number of Owlet common shares when the vesting conditions are satisfied.
When do John C. Kim’s Owlet (OWLT) RSUs vest?
The 18,996 RSUs fully vest on the earlier of the first anniversary of the grant date or immediately before Owlet’s next annual stockholder meeting. Vesting is conditioned on his continued service with the company through the applicable vesting date described in the grant terms.
Was the Owlet (OWLT) Form 4 for John C. Kim filed on time?
No. A footnote states the transaction is being reported late due to an administrative oversight. This means the RSU grant occurred earlier, but the required ownership change report was not submitted by the original deadline and is now being corrected.
Is John C. Kim’s Owlet (OWLT) RSU grant an open-market stock purchase?
No. The Form 4 describes a grant of 18,996 restricted stock units at $0.00 per unit. This is stock-based compensation awarded by Owlet, not a cash purchase of shares on the open market, and will convert into shares only upon vesting.