Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 16, 2024, Owlet, Inc. (the "Company") held its 2024 Annual Meeting of Stockholders (the "Annual Meeting").
At the Annual Meeting, the stockholders of the Company approved an amendment (the "Amendment") to the Company's 2021 Incentive Award Plan (the "2021 Plan" and, as amended, the "Amended Plan") to increase the number of shares of Class A common stock of the Company ("Common Stock") available for issuance under the 2021 Plan by an additional 400,000 shares, subject to the annual increase on the first day of each calendar year beginning January 1, 2022 and ending on and including January 1, 2031, as calculated and originally prescribed by the 2021 Plan. The foregoing description of the Amended Plan is qualified in its entirety by reference to the full text of the Amended Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated by reference herein.