Form 4 for MNTN MNTN, Inc.
Accepted 2025-05-28 00:00:00 ET · period of report 2025-02-21 · accession 0001104659-25-053584 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-05-28 | 2025-05-23 | MNTN | Hot Springs Capital I LLC | Dir, 10% | S - Sale | $16.00 | -900.0K | 0 | -100% | -$14.40M |
| DI | 2025-05-28 | 2025-05-23 | MNTN | Hot Springs Capital I LLC | Dir, 10% | C - Cnv Deriv | — | +900.0K | 900.0K | New | — |
| DM | 2025-05-28 | 2025-02-21 | MNTN | Hot Springs Capital I LLC | Dir, 10% | G - Gift | $0.00 | -16.83M | 0 | -100% | $0 |
| DMI | 2025-05-28 | 2025-02-21 | MNTN | Hot Springs Capital I LLC | Dir, 10% | G - Gift | $0.00 | +16.83M | 5.31M | New | $0 |
| DI | 2025-05-28 | 2025-05-23 | MNTN | Hot Springs Capital I LLC | Dir, 10% | C - Cnv Deriv | — | -900.0K | 4.41M | -17% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-05-23 | S | D | 900,000 | $16.00 | 0 | I By Hot Springs Capital I LLC | — | — | |
| 2 | Common | Class A Common Stock | 2025-05-23 | C | A | 900,000 | — | 900,000 | I By Hot Springs Capital I LLC | — | — | (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. |
| 3 | Derivative | Stock Option | 2025-02-21 | G | D | 6,927,936 | $0.00 | 158,310 | D By Hot Springs Capital I LLC | $3.79 · — to 2035-02-20 | 6,927,936 Class B Common Stock | (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. |
| 4 | Derivative | Stock Option | 2025-02-21 | G | A | 4,592,239 | $0.00 | 4,592,239 | I By Hot Springs Capital I LLC | $3.79 · — to 2035-02-20 | 4,592,239 Class B Common Stock | (F3) These securities were previously reported on a Form 3 filed by the Reporting Person. (F2) The stock option vests in 48 substantially equal monthly installments beginning on September 25, 2021. |
| 5 | Derivative | Stock Option | 2025-02-21 | G | D | 4,592,239 | $0.00 | 131,925 | D By Hot Springs Capital I LLC | $3.79 · — to 2035-02-20 | 4,592,239 Class B Common Stock | (F3) These securities were previously reported on a Form 3 filed by the Reporting Person. (F2) The stock option vests in 48 substantially equal monthly installments beginning on September 25, 2021. |
| 6 | Derivative | Stock Option | 2025-02-21 | G | A | 6,927,936 | $0.00 | 6,927,936 | I By Hot Springs Capital I LLC | $3.79 · — to 2035-02-20 | 6,927,936 Class B Common Stock | (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. |
| 7 | Derivative | Class B Common Stock | 2025-05-23 | C | D | 900,000 | — | 4,414,342 | I | — · — to — | 900,000 Class A Common Stock | (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. |
| 8 | Derivative | Class B Common Stock | 2025-02-21 | G | A | 5,314,342 | $0.00 | 5,314,342 | I | — · — to — | 5,314,342 Class A Common Stock | (F5) Prior to the Issuer's initial public offering, these securities were held in the form of common stock. (F3) These securities were previously reported on a Form 3 filed by the Reporting Person. (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. |
| 9 | Derivative | Class B Common Stock | 2025-02-21 | G | D | 5,314,342 | $0.00 | 0 | D | — · — to — | 5,314,342 Class A Common Stock | (F5) Prior to the Issuer's initial public offering, these securities were held in the form of common stock. (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. |