Owlet, Inc. Announces Executive Changes and Separation Agreement

Owlet, Inc. has announced significant executive changes. Effective April 6, 2026, Kurt Workman will assume the role of President and Chief Executive Officer, succeeding Jonathan Harris. Mr. Workman will transition from his role as Executive Chairman but will remain on the Board of Directors. In connection with his departure, Jonathan Harris has entered into a Separation and Release Agreement. Under this agreement, Mr. Harris will receive twelve months of continued base salary, a prorated 2026 bonus, and accelerated vesting of all his outstanding equity awards. Concurrently, Owlet has entered into an Employment Offer Letter Agreement with Kurt Workman. Mr. Workman will receive an annual base salary of $500,000 and is eligible for an annual cash performance bonus targeted at 70% of his base salary. He will also be a Tier 1 participant in the Company’s Executive Change in Control Severance Plan, with provisions for continued salary, prorated bonus, and accelerated equity vesting in the event of termination under specific conditions.