Granahan Investment Management (OWLT) reports 1.6M Owlet shares on 13G
Rhea-AI Filing Summary
Granahan Investment Management LLC reported a significant passive ownership position in Owlet, Inc. Class A Common Stock on a Schedule 13G. Granahan is deemed the beneficial owner of 1,595,419 shares, representing 5.5% of the class, held across various investment advisory clients. The firm has sole voting power over 1,498,732 shares and sole dispositive power over 1,595,419 shares, with no shared voting or dispositive power. Ownership arises from Granahan’s discretionary authority to make investment and voting decisions for its clients under Rule 13d-3.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 1,595,419 shares
Percent of class: 5.5%
Sole voting power: 1,498,732 shares
+3 more
6 metrics
Beneficial ownership
1,595,419 shares
Class A Common Stock beneficially owned by Granahan Investment Management LLC
Percent of class
5.5%
Percentage of Owlet Class A Common Stock beneficially owned
Sole voting power
1,498,732 shares
Shares over which Granahan has sole power to vote or direct the vote
Shared voting power
0 shares
Shares over which Granahan has shared power to vote
Sole dispositive power
1,595,419 shares
Shares over which Granahan has sole power to dispose or direct disposition
Shared dispositive power
0 shares
Shares over which Granahan has shared power to dispose
Key Terms
beneficial owner, discretionary power, sole voting power, sole dispositive power, +2 more
6 terms
beneficial owner regulatory
"Granahan Investment Management LLC, which is deemed to be a beneficial owner of those shares pursuant"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
discretionary power financial
"due to its discretionary power to make investment decisions over such shares and/or its ability"
sole voting power financial
"Sole Voting Power 1,498,732.00"
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 power financial
"Sole Dispositive Power 1,595,419.00"
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.
Rule 13d-3 regulatory
"beneficial owner of those shares pursuant to Rule 13d-3 , due to its discretionary power"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Schedule 13G regulatory
"Granahan Investment Management LLC reported a significant passive ownership position on a Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of Owlet (OWLT) does Granahan Investment Management LLC own?
Granahan Investment Management LLC reported beneficial ownership of 5.5% of Owlet’s Class A Common Stock. This stake, disclosed on a Schedule 13G, reflects shares held across Granahan’s investment advisory clients.
What voting power does Granahan have over its Owlet (OWLT) holdings?
Granahan has sole voting power over 1,498,732 shares of Owlet Class A Common Stock and no shared voting power. This reflects its authority to vote those shares for its investment advisory clients.
Is Granahan’s 13G filing for Owlet (OWLT) classified as a group or parent holding company filing?
No. The filing states Item 7 (subsidiary identification) and Item 8 (group members) are not applicable, indicating it is not reporting as a parent holding company group or a coordinated filing group.
AI-generated analysis. How Rhea-AI works. Not financial advice.