---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-022454"
form_type: "8-K"
ticker: "OWLT"
cik: "0001816708"
company_name: "Owlet, Inc."
filed_at: "2022-08-11T23:59:59+00:00"
generated_at: "2026-06-24T01:02:37.015431+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# President Michael Abbott resigns; Q2 revenue $18.3M, pivots to break-even

## Summary
- President Michael Abbott resigns effective Sept 1, 2022; gets 1-year base salary ($475K), COBRA, accelerated vesting of options and 131,579 RSUs.
- Q2 revenue $18.3M; company reducing operating expenses to achieve break-even on accelerated timeline.
- Plans to submit FDA 510(k) for prescription BabySat monitoring system in coming weeks.
- Prime Day July: Owlet ranked #1 bestselling baby monitor on Amazon.
- Abbott cannot sell shares until April 15, 2023; then limited to 100K shares/month through June 15, 2023.

## SEC filing metadata
- accession: 0001628280-22-022454
- form_type: 8-K
- ticker: OWLT
- cik: 0001816708
- company_name: Owlet, Inc.
- filed_at: 2022-08-11T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816708/000162828022022454/0001628280-22-022454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816708/000162828022022454/owlt-20220811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-022454
- JSON: https://secwatch.observer/filing/0001628280-22-022454.json
- Plain text: https://secwatch.observer/filing/0001628280-22-022454.txt

## Key facts
- Executive change
  Michael Abbott departed as President at Owlet, Inc..
  - Action: resign
  - Role: President
  source text: On August 11, 2022, the Company announced that Michael Abbott, President of the Company, intends to resign as President and as a member of the Company’s Board of Directors (the “Board”) effective September 1, 2022 (the “Separation Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816708/000162828022022454/0001628280-22-022454-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.