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MNTN, Inc. — Director's Dealing 2025
May 28, 2025
32004_dirs_2025-05-28_313c5ec4-ec78-4ff1-b094-d25b7f75c0f6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MNTN, Inc. (MNTN)
CIK: 0001891027
Period of Report: 2025-02-21
Reporting Person: Douglas Mark Steven (Director, Chief Executive Officer, 10% Owner)
Reporting Person: Hot Springs Capital I LLC (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-23 | Class A Common Stock | C | 900000 | — | Acquired | 900000 | Indirect |
| 2025-05-23 | Class A Common Stock | S | 900000 | $16 | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-21 | Stock Option | $3.79 | G | 4592239 | Disposed | 2035-02-20 | Class B Common Stock (4592239) | Direct |
| 2025-02-21 | Stock Option | $3.79 | G | 6927936 | Disposed | 2035-02-20 | Class B Common Stock (6927936) | Direct |
| 2025-02-21 | Stock Option | $3.79 | G | 4592239 | Acquired | 2035-02-20 | Class B Common Stock (4592239) | Indirect |
| 2025-02-21 | Stock Option | $3.79 | G | 6927936 | Acquired | 2035-02-20 | Class B Common Stock (6927936) | Indirect |
| 2025-02-21 | Class B Common Stock | $ | G | 5314342 | Disposed | Class A Common Stock (5314342) | Direct | |
| 2025-02-21 | Class B Common Stock | $ | G | 5314342 | Acquired | Class A Common Stock (5314342) | Indirect | |
| 2025-05-23 | Class B Common Stock | $ | C | 900000 | Disposed | Class A Common Stock (900000) | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (448000) | 448000 | Indirect |
Footnotes
F1: Each outstanding share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers.
F2: The stock option vests in 48 substantially equal monthly installments beginning on September 25, 2021.
F3: These securities were previously reported on a Form 3 filed by the Reporting Person.
F4: The stock option vests and becomes exercisable upon the attainment of certain closing trading prices of the Issuer's Class A common stock.
F5: Prior to the Issuer's initial public offering, these securities were held in the form of common stock.