Adam Dooley - Nov 29, 2021 Form 4 Insider Report for Everest Consolidator Acquisition Corp (MNTN)

Role
CEO, Pres, Sec & Treas, Director, 10%+ Owner
Signature
/s/ Adam Dooley
Stock symbol
MNTN
Transactions as of
Nov 29, 2021
Transactions value $
$9,500,000
Form type
4
Date filed
11/29/2021, 04:39 PM
Previous filing
Nov 23, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MNTN Warrants Purchase $9.5M +6.33M $1.50* 6.33M Nov 29, 2021 Class A Common Stock 6.33M $11.50 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrants will become exercisable commencing on the later of 12 months from the closing of the Issuer's initial public offering or 30 days after the completion of the Issuer's initial business combination, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
F2 Everest Consolidator Sponsor, LLC ("Sponsor") is the record holder of the shares reported herein. The Sponsor is controlled by Belay Associates, LLC. Adam Dooley is the manager of Belay Associates, LLC. As such, the Reporting Person may be deemed to have beneficial ownership over the warrants held directly by the Sponsor.