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Momentus Inc. — Director's Dealing 2021
Aug 17, 2021
35067_dirs_2021-08-16_344daaf8-71b9-4b26-acb4-8a70d8c08050.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Momentus Inc. (MNTS)
CIK: 0001781162
Period of Report: 2021-08-12
Reporting Person: Prime Movers Lab Fund I LP (10% Owner)
Reporting Person: Momentus PML SPV 1 LP (10% Owner)
Reporting Person: MOMENTUS PML SPV 2 LP (10% Owner)
Reporting Person: Momentus PML SPV 3 LP (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-12 | Class A Common Stock | A | 14905597 | — | Acquired | 14905597 | Direct |
| 2021-08-12 | Class A Common Stock | A | 1000000 | — | Acquired | 15905597 | Direct |
| 2021-08-12 | Class A Common Stock | A | 6373200 | — | Acquired | 6373200 | Indirect |
| 2021-08-12 | Class A Common Stock | A | 1018594 | — | Acquired | 1018594 | Indirect |
| 2021-08-12 | Class A Common Stock | A | 2526394 | — | Acquired | 2526394 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-12 | Warrants (right to buy) | $11.50 | A | 1000000 | Acquired | Class A Common Stock (1000000) | Direct |
Footnotes
F1: On August 12, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of October 7, 2020 (as amended, supplemented or modified from time to time, the "Merger Agreement"), by and among Stable Road Acquisition Corp., a Delaware corporation (the "Issuer"), Momentus Inc., a Delaware corporation ("Legacy Momentus"), and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, the Issuer changed its name to Momentus Inc. In connection with the Business Combination and in accordance with the Merger Agreement, an aggregate of 65,133,131 shares of Class A Common Stock of Legacy Momentus held by the Reporting Person were converted into 14,905,597 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2: Prime Movers Lab GP I LLC is the general partner of each of the Reporting Persons.
F3: Pursuant to a Subscription Agreement dated as of July 16, 2021 (as amended from time to time, the "Subscription Agreement") entered into in connection with the Business Combination Agreement, the Reporting Person agreed to subscribe for and purchase, in a private placement immediately prior to the closing of the Business Combination, an aggregate of 1,000,000 shares of Class A Common Stock of the Issuer for a purchase price of $10.00 per share.
F4: Pursuant to the Subscription Agreement, the Reporting Person received a warrant to purchase one share of Class A Common Stock of the Issuer at a price of $11.50 per share (subject to adjustment as described in the warrant agreement) for each share of Class A Common Stock of the Issuer purchased by the Reporting Person.