[SCHEDULE 13G/A] Owlet, Inc. Amended Passive Investment Disclosure
AWM reports 4.2% beneficial stake in Owlet
AWM Investment Company, Inc., a Delaware corporation and investment adviser to several Special Situations funds, reports beneficial ownership of Class A common stock of Owlet, Inc..
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AWM Investment Company, Inc., a Delaware corporation and investment adviser to several Special Situations funds, reports beneficial ownership of Class A common stock of Owlet, Inc..
AWM reports beneficial ownership of 1,225,353 Owlet Class A common shares, representing 4.2% of the class. These shares are held across Special Situations Cayman Fund, L.P., Special Situations Fund III QP, L.P., Special Situations Private Equity Fund, L.P., and Special Situations Life Sciences Fund, L.P., over which AWM has sole voting and dispositive power. The filing notes that the position represents ownership of 5 percent or less of the class.
Key Figures
Beneficially owned shares:1,225,353 sharesPercent of class owned:4.2%CAYMAN fund holdings:190,846 shares+3 more
6 metrics
Beneficially owned shares1,225,353 sharesClass A common stock beneficially owned by AWM Investment Company
Percent of class owned4.2%Percentage of Owlet Class A common stock reported by AWM
CAYMAN fund holdings190,846 sharesOwlet shares held by Special Situations Cayman Fund, L.P.
SSFQP fund holdings681,164 sharesOwlet shares held by Special Situations Fund III QP, L.P.
SSPE fund holdings133,477 sharesOwlet shares held by Special Situations Private Equity Fund, L.P.
SSLS fund holdings219,866 sharesOwlet shares held by Special Situations Life Sciences Fund, L.P.
Key Terms
beneficially owned, sole voting power, sole dispositive power, percent of class, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"5 | Sole Voting Power 1,225,353.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerfinancial
"7 | Sole Dispositive Power 1,225,353.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
investment adviserfinancial
"AWM Investment Company, Inc. ... is the investment adviser to Special Situations"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Owlet, Inc. (OWLT) shares does AWM Investment Company own?
AWM Investment Company reports beneficial ownership of 4.2% of Owlet’s Class A common stock. This corresponds to 1,225,353 shares held across several Special Situations funds for which AWM serves as investment adviser.
How many Owlet, Inc. (OWLT) shares are beneficially owned by AWM Investment Company?
AWM Investment Company beneficially owns 1,225,353 shares of Owlet Class A common stock. These shares are allocated among four Special Situations funds, with AWM holding sole voting and investment power over all such shares.
Which funds advised by AWM hold Owlet, Inc. (OWLT) shares and in what amounts?
Owlet shares are held by four funds: 190,846 shares by CAYMAN, 681,164 by SSFQP, 133,477 by SSPE, and 219,866 by SSLS. AWM, as investment adviser, has sole voting and dispositive power over these holdings.
Does AWM Investment Company have sole or shared voting power over its Owlet (OWLT) stake?
AWM Investment Company has sole voting power and sole dispositive power over all 1,225,353 Owlet shares reported. The filing indicates zero shared voting power and zero shared dispositive power.
What does the Schedule 13G/A filing disclose about AWM’s ownership level in Owlet (OWLT)?
The Schedule 13G/A discloses that AWM’s beneficial ownership of Owlet Class A common stock is 5 percent or less of the outstanding class. Specifically, AWM reports holding 4.2%, or 1,225,353 shares, with sole voting and investment authority.
Who signed the Schedule 13G/A for AWM Investment Company regarding Owlet (OWLT)?
The report was signed by Adam Stettner, Executive Vice President of AWM Investment Company. The signature confirms the reported beneficial ownership information on behalf of the institutional investment adviser.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Owlet, Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 Par Value
(Title of Class of Securities)
69120X206
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
69120X206
1
Names of Reporting Persons
AWM Investment Company, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,225,353.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,225,353.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,225,353.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: AWM Investment Company, Inc., a Delaware corporation (AWM), is the investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Fund III QP, L.P. (SSFQP), Special Situations Private Equity Fund, L.P. (SSPE) and Special Situations Life Sciences Fund, L.P. (SSLS). As the investment adviser to the Funds, AWM holds sole voting and investment power over 190,846 Common Shares held by CAYMAN, 681,164 Common Shares held by SSFQP, 133,477 Common Shares held by SSPE and 219,866 Shares held by SSLS
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Owlet, Inc.
(b)
Address of issuer's principal executive offices:
2940 WEST MAPLE LOOP DRIVE, SUITE 203, LEHI, UTAH, 84048
Item 2.
(a)
Name of person filing:
The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (CAYMAN), Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP), Special Situations Private Equity Fund, L.P., a Delaware limited partnership (SSPE) and Special Situations Life Sciences Fund, L.P., a Delaware limited partnership (SSLS). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature.
David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN; MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP; MG Advisers, L.L.C., a New York limited liability company (MG), the general partner of SSPE and LS Advisers, L.L.C., a New York limited liability company (LS). Greenhouse and Stettner are also controlling principals of AWM.
(b)
Address or principal business office or, if none, residence:
The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022
(c)
Citizenship:
AWM is a Delaware Corporation
(d)
Title of class of securities:
Class A Common Stock, $0.0001 Par Value
(e)
CUSIP No.:
69120X206
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,225,353
(b)
Percent of class:
4.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting power over 190,846 Common Shares held by CAYMAN, 681,164 Shares held by SSFQP, 133,477 Shares held by SSPE and 219,866 Shares held by SSLS. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN; MGP, the general partner of SSFQP; MG, the general partner of SSPE; and LS, the general partner of SSLS. Greenhouse and Stettner are also controlling principals of AWM
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole investment power over 190,846 Common Shares held by CAYMAN, 681,164 Shares held by SSFQP, 133,477 Shares held by SSPE and 219,866 Shares held by SSLS. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN; MGP, the general partner of SSFQP; MG, the general partner of SSPE; and LS, the general partner of SSLS. Greenhouse and Stettner are also controlling principals of AWM
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
