Owlet, Inc. announced on April 30, 2026 that its Compensation Committee approved an equity inducement award to Kurt Workman, the company’s co‑founder and former CEO. Workman returned to the company on April 6, 2026 as President and Chief Executive Officer after a brief interruption of employment, and the award was approved on April 28, 2026.
The award consists of 850,000 restricted stock units that vest in 1/12th installments on each quarterly anniversary of April 6, 2026, fully vesting on April 6, 2029, provided Workman remains employed through each vesting date. The grant is intended as a material incentive to secure Workman’s continued leadership and to align his interests with long‑term shareholder value.
Workman’s return follows the resignation of Jonathan Harris, who stepped down as President and CEO on April 6, 2026. No reason for Harris’s departure was disclosed. Workman had stepped down as CEO in October 2025 and served as Executive Chairman in a non‑employee capacity until his reappointment.
Owlet shares rose more than 7% in after‑hours trading on April 6, 2026, reflecting investor confidence in the founder’s return and the new equity incentive.
The move is expected to reinforce leadership continuity, support ongoing product and subscription initiatives, and signal to investors that the company is focused on sustaining its competitive moat in the infant monitoring market. Owlet reported Q4 2025 revenue of $26.6 million, up 29.6% from Q4 2024, and full‑year 2025 revenue of $105.7 million, up 35.4% from FY 2024, while remaining unprofitable with a net loss of $9.2 million in Q4 2025 and $39.7 million for the full year.
"My return as CEO is a commitment to the mission I started in a garage 12 years ago. My goal is to make Owlet the standard for at‑home pediatric health, and I'm ready to get back to work with this incredible team, our amazing partners and the parents around the world that put their faith and trust in the Owlet brand." – Kurt Workman
"I'm incredibly excited to have Kurt back in the CEO role. His strategic vision for the future of Owlet and his demonstrated ability to effectively execute on that vision make him uniquely qualified for the CEO role as we enter this next chapter of the business. The Board and I welcome his energy and commitment to leading the Owlet team as we solidify our leadership position as partners to the next generation of families, globally." – Lior Susan, Chairman of the Board
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