OWLT · Owlet, Inc.
$5.01
-0.15 (-2.91%)
At close · Aug 27
Going-concern doubt
— flagged May 11, 2026
Substantial doubt about the company's ability to continue as a going concern.
“the Company has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the unaudited condensed consolidated financial statements included in this quarterly report on Form 10-Q are issued.”View the 10-Q filed May 11, 2026
Market Cap
$151.63M
Shares
29.22M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Jonathan Harris | Former President and Chief Executive Officer | $4,228,259 |
| Amanda Twede Crawford | Chief Financial Officer Amounts shown represent the aggregate grant date fair value for financial statement reporting purposes of restricted stock units (“RSUs”) awards and performance-based restricted stock units (“PRSUs”) as computed in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification Topic 718 ("FASB ASC Topic 718"). See Note 10 (Share-Based Compensation) to the Company’s consolidated financial statements included in the Form 10-K for the assumptions used in determining these values. Our named executive officers, other than Mr. Workman, received time-based RSUs, the grant date fair value of which was based on the fair value of our Class A common stock on the date of grant. In addition, our named executive officers, other than Mr. Workman, also received PRSUs which are eligible to be earned, if at all, based on achievement of cumulative net revenue goals depending on the Company's performance during the period from January 1, 2025 to December 31, 2028, and the fair value of these awards was based on the grant date fair market value of our Class A common stock. The shares are eligible to be earned on a quarterly basis during the performance period depending on the results of the cumulative net revenue. The grant date fair value of $2,990,000 and $1,495,000 for the PRSUs awarded to Mr. Harris and Ms. Crawford, respectively, is based on the probable outcome (which reflects full 100% vesting of the awards). Accordingly, the probable outcome of the performance conditions as of the grant date, are the same as the maximum level of performance under the performance conditions as of the grant date. For 2025, amounts represent, for Mr. Workman, $1,654 in Company-paid contributions to a healthcare savings account and for Ms. Crawford, $2,150 in Company-paid contribution to a healthcare savings account and $13,092.30 in Company-matching 401K contributions. Effective October 1, 2025, Mr. Workman transitioned into a non-employee director role, Executive Chairman of the Board. For the remainder of 2025, he received a pro-rated portion of the Executive Chair retainer fee of $200,000 and an annual equity award pursuant to our non-employee director compensation program. The following table sets forth the aggregate dollar amount of all fees paid to Mr. Workman during 2025 for his services as a non-employee director: Name Fees Earned or Paid in Cash ($) Stock Awards ($) Total ($) Kurt Workman 50,000 217,829(a) 267,829(a) (a) Mr. Harris ceased serving as our President and Chief Executive Officer on April 6, 2026. Ms. Crawford elected to receive her entire 2025 annual incentive cash bonus in the form of fully vested shares of our Class A common stock. | $2,415,456 |
| Kurt Workman | President and Chief Executive Officer | $799,405 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Jonathan Harris | President | $1,443,197 |
| Kurt Workman | Chief Executive Officer | $987,073 |
| Amanda Twede Crawford | Chief Financial Officer Amounts shown represent the aggregate grant date fair value for financial statement reporting purposes of restricted stock units (“RSUs”) awards and performance-based restricted stock units (“PRSUs”) as computed in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification Topic 718 ("FASB ASC Topic 718"). See Note 10 (Share-Based Compensation) to the Company’s consolidated financial statements included in the Form 10-K for the assumptions used in determining these values. Our named executive officers, other than Mr. Workman, received time-based RSUs, the grant date fair value of which was based on the fair value of our Class A common stock on the date of grant. In addition, our named executive officers, other than Mr. Workman, also received PRSUs which are eligible to be earned, if at all, based on achievement of cumulative net revenue goals depending on the Company's performance during the period from January 1, 2025 to December 31, 2028, and the fair value of these awards was based on the grant date fair market value of our Class A common stock. The shares are eligible to be earned on a quarterly basis during the performance period depending on the results of the cumulative net revenue. The grant date fair value of $2,990,000 and $1,495,000 for the PRSUs awarded to Mr. Harris and Ms. Crawford, respectively, is based on the probable outcome (which reflects full 100% vesting of the awards). Accordingly, the probable outcome of the performance conditions as of the grant date, are the same as the maximum level of performance under the performance conditions as of the grant date. For 2025, amounts represent, for Mr. Workman, $1,654 in Company-paid contributions to a healthcare savings account and for Ms. Crawford, $2,150 in Company-paid contribution to a healthcare savings account and $13,092.30 in Company-matching 401K contributions. Effective October 1, 2025, Mr. Workman transitioned into a non-employee director role, Executive Chairman of the Board. For the remainder of 2025, he received a pro-rated portion of the Executive Chair retainer fee of $200,000 and an annual equity award pursuant to our non-employee director compensation program. The following table sets forth the aggregate dollar amount of all fees paid to Mr. Workman during 2025 for his services as a non-employee director: Name Fees Earned or Paid in Cash ($) Stock Awards ($) Total ($) Kurt Workman 50,000 217,829(a) 267,829(a) (a) Mr. Harris ceased serving as our President and Chief Executive Officer on April 6, 2026. Ms. Crawford elected to receive her entire 2025 annual incentive cash bonus in the form of fully vested shares of our Class A common stock. | $688,613 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Jonathan Harris | President | $778,015 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Kurt Workman | President & Chief Executive Officer | $4,681,017 |
| Michael P. Abbott | Former President Amounts shown represent the aggregate grant date fair value of RSU awards and option awards granted in the applicable year as computed in accordance with FASB ASC Topic 718. See Note 10 (Share-Based Compensation) to the Company’s consolidated financial statements included in the 2022 Form 10-K for the assumptions used in determining these values. The value of performance-based RSUs (“PRSUs”), which are subject to performance conditions, is based on the probable outcome of the conditions on the date of grant. The value of the PRSUs for the named executive officers, assuming the highest level of performance conditions will be achieved, is: for Mr. Workman, $2,326,316; for Ms. Scolnick, $821,051; and for Mr. Abbott, $1,642,105. For 2022, amounts do not include the portion of 2021 annual bonuses that were paid in the form of RSUs in April 2022, because the full value of such bonuses was already included in the Bonus column for 2021. For 2022, amounts represent (i) for Mr. Workman, (a) $2,000 in Company-paid contributions to a healthcare savings account and (b) $1,100 in work-from-home and work-life balance stipends; (ii) for Ms. Scolnick, $1,100 in work-from-home and work-life balance stipends; and (iii) for Mr. Abbott, (a) $475,000 in accrued severance payments, (b) $17,355 in Company-paid COBRA coverage accrued as severance, (c) $800 in work-from-home and work-life balance stipends, and (d) $12,677 in matching contributions under the Company’s 401(k) plan. Mr. Abbott ceased serving as our President on September 1, 2022. | $3,759,903 |
| Kathryn R. Scolnick | Chief Financial Officer | $1,668,488 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Michael P. Abbott | Former President Amounts shown represent the aggregate grant date fair value of RSU awards and option awards granted in the applicable year as computed in accordance with FASB ASC Topic 718. See Note 10 (Share-Based Compensation) to the Company’s consolidated financial statements included in the 2022 Form 10-K for the assumptions used in determining these values. The value of performance-based RSUs (“PRSUs”), which are subject to performance conditions, is based on the probable outcome of the conditions on the date of grant. The value of the PRSUs for the named executive officers, assuming the highest level of performance conditions will be achieved, is: for Mr. Workman, $2,326,316; for Ms. Scolnick, $821,051; and for Mr. Abbott, $1,642,105. For 2022, amounts do not include the portion of 2021 annual bonuses that were paid in the form of RSUs in April 2022, because the full value of such bonuses was already included in the Bonus column for 2021. For 2022, amounts represent (i) for Mr. Workman, (a) $2,000 in Company-paid contributions to a healthcare savings account and (b) $1,100 in work-from-home and work-life balance stipends; (ii) for Ms. Scolnick, $1,100 in work-from-home and work-life balance stipends; and (iii) for Mr. Abbott, (a) $475,000 in accrued severance payments, (b) $17,355 in Company-paid COBRA coverage accrued as severance, (c) $800 in work-from-home and work-life balance stipends, and (d) $12,677 in matching contributions under the Company’s 401(k) plan. Mr. Abbott ceased serving as our President on September 1, 2022. | $4,251,221 |
| Kathryn R. Scolnick | Chief Financial Officer | $2,318,381 |
| Kurt Workman | President & Chief Executive Officer | $1,764,178 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Michael P. Abbott | President | $779,844 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Kurt Workman | Class II director | Appointed | 2026-08-14 |
| Marc F. Stoll | Class II director | Appointed | 2026-08-14 |
| Kurt Workman | President and Chief Executive Officer | Appointed | 2026-04-06 |
| Melissa A. Gonzales | Class I director | Appointed | 2025-10-14 |
| John C. Kim | Class I director | Appointed | 2025-10-14 |
| Zane M. Burke | Class I director | Appointed | 2025-10-14 |
| Kurt Workman | Executive Chair of the Board of Directors | Appointed | 2025-10-06 |
| Jonathan Harris | President and Chief Executive Officer | Appointed | 2025-10-06 |
| Kurt Workman | Chief Executive Officer | Resigned | 2025-10-06 |
| Jonathan Harris | Chief Executive Officer | Appointed | 2025-08-07 |
| Kurt Workman | Executive Chairman of the Board | Appointed | 2025-08-07 |
| Kurt Workman | Chief Executive Officer | Resigned | 2025-08-07 |
| Lior Susan | Class III director | Appointed | 2024-08-22 |
| Amy N. McCullough | Class III director | Appointed | 2024-08-22 |
| Laura J. Durr | Class III director | Appointed | 2024-08-22 |
| Amanda Twede Crawford | Chief Financial Officer and principal financial officer and principal accounting officer | Appointed | 2024-07-09 |
| Marc F. Stoll | Class II director | Appointed | 2023-08-16 |
| Jayson Knafel | Class II director | Resigned | 2023-08-16 |
| Jonathan Harris | President and Chief Revenue Officer | Appointed | 2023-07-31 |
| Melissa Gonzales | Class I director | Appointed | 2023-07-21 |
| Nathaniel Yoo | Senior Vice President and Chief Accounting Officer and principal accounting officer | Resigned | 2023-03-31 |
| Jayson Knafel | member of the Board as a Class II Director | Appointed | 2023-02-21 |
| Kurt Workman | President and Chief Executive Officer | Appointed | 2022-09-01 |
| Michael Abbott | member of the Company's Board of Directors | Resigned | 2022-08-11 |
| Michael Abbott | President | Resigned | 2022-08-11 |
Key facts
CIK
1816708
CUSIP
69120X206
13F (30d)
56 filings
54 filers
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