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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.
Key Figures
Beneficial ownership:1,595,419 sharesPercent of class:5.5%Sole voting power:1,498,732 shares+3 more
6 metrics
Beneficial ownership1,595,419 sharesClass A Common Stock beneficially owned by Granahan Investment Management LLC
Percent of class5.5%Percentage of Owlet Class A Common Stock beneficially owned
Sole voting power1,498,732 sharesShares over which Granahan has sole power to vote or direct the vote
Shared voting power0 sharesShares over which Granahan has shared power to vote
Sole dispositive power1,595,419 sharesShares over which Granahan has sole power to dispose or direct disposition
Shared dispositive power0 sharesShares 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 ownerregulatory
"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 powerfinancial
"due to its discretionary power to make investment decisions over such shares and/or its ability"
sole voting powerfinancial
"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 powerfinancial
"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-3regulatory
"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 13Gregulatory
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
How many Owlet (OWLT) shares are beneficially owned by Granahan Investment Management LLC?
Granahan Investment Management LLC is deemed to beneficially own 1,595,419 shares of Owlet Class A Common Stock. These shares are held in various advisory client accounts over which Granahan has discretionary authority.
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.
Does Granahan Investment Management LLC share dispositive power over Owlet (OWLT) stock?
Granahan reports sole dispositive power over 1,595,419 shares of Owlet Class A Common Stock and no shared dispositive power. It can direct the disposition of these shares for its advisory clients.
Who is the beneficial owner of the Owlet (OWLT) shares reported by Granahan?
Various investment advisory clients of Granahan own the Owlet shares economically. Granahan is deemed a beneficial owner under Rule 13d-3 because it has discretionary investment and/or voting authority over those client accounts.
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.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Owlet, Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 par value per share
(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
Granahan Investment Management LLC
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
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,498,732.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,595,419.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,595,419.00
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)
5.5 %
12
Type of Reporting Person (See Instructions)
IA
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, UT, 84048
Item 2.
(a)
Name of person filing:
Granahan Investment Management LLC
(b)
Address or principal business office or, if none, residence:
Wyman Street, Suite 460, Waltham, MA 02451
(c)
Citizenship:
State of Massachusetts
(d)
Title of class of securities:
Class A Common Stock, $0.0001 par value per share
(e)
CUSIP Number(s):
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:
1595419
(b)
Percent of class:
5.5 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1498732
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1595419
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the Shares set forth in Item 4 are owned by various investment advisory clients of Granahan Investment Management LLC, which is deemed to be a beneficial owner of those shares pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, due to its discretionary power to make investment decisions over such shares and/or its ability to vote such shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
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.
Granahan Investment Management LLC
Signature:
/s/ Brian Granahan
Name/Title:
Brian Granahan, Chief Compliance Officer
Date:
08/11/2026
Comments accompanying 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.