Monterey Acquisition Sponsor, LLC - May 10, 2022 Form 3 Insider Report for Monterey Capital Acquisition Corp (MCAC)

Role: 10%+ Owner
Signature: /s/ Bala Padmakumar, Attorney-in-fact
Stock symbol: MCAC
Transactions as of: May 10, 2022
Transactions value $: $0
Form type: 3
Date filed: 5/10/2022, 07:49 PM

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
holding	MCAC	Class B common stock							May 10, 2022	Class A common stock	1.63M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-264460) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2	These shares represent 1,625,000 shares of Class B common stock of the issuer held by the Reporting Person, including an aggregate of up to 300,000 shares subject to forfeiture by the Reporting Person to the extent that the underwriter's over-allotment is not exercised in full or in part.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-264460) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.

These shares represent 1,625,000 shares of Class B common stock of the issuer held by the Reporting Person, including an aggregate of up to 300,000 shares subject to forfeiture by the Reporting Person to the extent that the underwriter's over-allotment is not exercised in full or in part.