The board of directors of Owlet, Inc. (the Company) appointed the Company's co-founder and Chief Executive Officer, Kurt Workman as President of the Company, effective September 1, 2022. Mr. Workman was appointed to the President role in order to facilitate an orderly executive transition upon the departure of Michael Abbott from the Company. There are no arrangements or understandings between Mr. Workman and any other person pursuant to which Mr. Workman was selected as President and Chief Executive Officer.

There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Mr. Workman and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Furthermore, there are no transactions in which Mr. Workman had or will have an interest requiring disclosure under Item 404(a) of Regulation S-K.