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

Role: Director
Signature: /s/ Leela Gray
Stock symbol: MCAC
Transactions as of: May 10, 2022
Transactions value $: $0
Form type: 3
Date filed: 5/10/2022, 07:52 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	25K		Direct	F1

* 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.

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.