---
schema_version: "secwatch.filing_event.v1"
accession: "0001816708-25-000036"
form_type: "8-K"
ticker: "OWLT"
cik: "0001816708"
company_name: "Owlet, Inc."
filed_at: "2025-09-24T23:59:59+00:00"
generated_at: "2026-05-17T05:48:24.637326+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Owlet settles derivative lawsuit over Smart Sock statements, agrees to governance reforms

## Summary
- Court preliminarily approved settlement of derivative action Vargas v. Workman on Sept 11, 2025.
- Company to adopt governance reforms including Audit & Risk, ERM, and Disclosure Committees for at least 8 years.
- No admission of wrongdoing; company to pay attorney's fees (amount not yet determined).
- All derivative claims dismissed with prejudice upon final court approval.

## SEC filing metadata
- accession: 0001816708-25-000036
- form_type: 8-K
- ticker: OWLT
- cik: 0001816708
- company_name: Owlet, Inc.
- filed_at: 2025-09-24T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816708/000181670825000036/0001816708-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816708/000181670825000036/owlt-20250911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001816708-25-000036
- JSON: https://secwatch.observer/filing/0001816708-25-000036.json
- Plain text: https://secwatch.observer/filing/0001816708-25-000036.txt

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