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Owlet, Inc. Major Shareholding Notification 2021

Apr 2, 2021

33943_mrq_2021-04-02_1cff1d7c-261e-4d88-9178-45ebbd9e8b8d.zip

Major Shareholding Notification

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SC 13G 1 p21-1062sc13g.htm SANDBRIDGE ACQUISITION CORPORATION

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Sandbridge
Acquisition Corporation
(Name of Issuer)
Class A common
stock, par value $0.0001 per share
(Title of Class of Securities)
799793104
(CUSIP Number)
March 23,
2021
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
(Page 1 of 6 Pages)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (" Act ") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 799793104 13G Page 2 of 6 Pages

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1 NAMES OF REPORTING PERSONS Highbridge Capital Management, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0
6 SHARED VOTING POWER 1,293,688 shares of Class A Common Stock
7 SOLE DISPOSITIVE POWER 0
8 SHARED DISPOSITIVE POWER 1,293,688 shares of Class A Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,293,688 shares of Class A Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.62%
12 TYPE OF REPORTING PERSON IA, OO

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CUSIP No. 799793104 13G Page 3 of 6 Pages

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Item 1(a).
The name of the issuer is Sandbridge Acquisition Corporation (the " Company ").
Item 1(b).
The Company's principal executive offices are located at 1999 Avenue of the Stars, Suite 2088, Los Angeles, CA 90067.
Item 2(a). NAME OF PERSON FILING:
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Item 2(c). CITIZENSHIP:
This statement is filed by:
(i) Highbridge Capital Management, LLC 277 Park Avenue, 23 rd Floor New York, New York 10172 Citizenship: State of Delaware

The foregoing person is hereinafter sometimes collectively referred to as the " Reporting Person ."

Item 2(d).
Class A common stock, par value $0.0001 per share (the " Class A Common Stock ").
Item 2(e).
799793104

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

(a) ¨ Broker or dealer registered under Section 15 of the Act,
(b) ¨ Bank as defined in Section 3(a)(6) of the Act,
(c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act,
(d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940,
(e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
(f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F),
(g) ¨ Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),

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CUSIP No. 799793104 13G Page 4 of 6 Pages

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(h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
(i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act,
(j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J),
(k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.
(a) Amount beneficially owned:

As of the date hereof, Highbridge Capital Management, LLC, as the trading manager of Highbridge Tactical Credit Master Fund, L.P. and Highbridge SPAC Opportunity Fund, L.P. (collectively, the " Highbridge Funds "), may be deemed to be the beneficial owner of the 1,293,688 shares of Class A Common Stock held by the Highbridge Funds.

(b) Percent of class:

The percentages used herein and in the rest of this Schedule 13G are calculated based upon 23,000,000 shares of Class A Common Stock outstanding as of March 15, 2021, as reported in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the Securities and Exchange Commission on March 25, 2021. Therefore, as of the date hereof, Highbridge Capital Management, LLC may be deemed to beneficially own approximately 5.62% of the outstanding shares of Class A Common Stock.

The foregoing should not be construed in and of itself as an admission by the Reporting Person as to beneficial ownership of the shares of Class A Common Stock held by the Highbridge Funds.

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
See Item 4(a)

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CUSIP No. 799793104 13G Page 5 of 6 Pages

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(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
See Item 4(a)
Item 5.
Not applicable.
Item 6.
See Item 4.
Item 7.
Not applicable.
Item 8.
Not applicable.
Item 9.
Not applicable.

ITEM 10. CERTIFICATION.

The Reporting Person hereby makes the following certification:
By signing below the Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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CUSIP No. 799793104 13G Page 6 of 6 Pages

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SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATED: April 2, 2021

HIGHBRIDGE CAPITAL MANAGEMENT, LLC
By: /s/ Kirk Rule
Name: Kirk Rule
Title: Executive Director