Stephen Markscheid - Jul 12, 2024 Form 4 Insider Report for Monterey Capital Acquisition Corp (CNTM)

Role
Director
Signature
/s/ Bhaskar Panigrahi, Attorney-in-Fact
Stock symbol
CNTM
Transactions as of
Jul 12, 2024
Transactions value $
$0
Form type
4
Date filed
7/16/2024, 04:42 PM
Previous filing
Nov 13, 2023
Next filing
Oct 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNTM Class A Common Stock Conversion of derivative security +25K 25K Jul 12, 2024 Direct F1
transaction CNTM Class A Common Stock Other -25K -100% 0 Jul 12, 2024 Direct F2
transaction CNTM Common Stock Other +25K 25K Jul 12, 2024 Direct F2

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 CNTM Class B Common Stock Conversion of derivative security -25K -100% 0 Jul 12, 2024 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 Upon consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of December 31, 2022 and as it may be amended from time to time, by and among Monterey Capital Acquisition Corporation (now known as ConnectM Technology Solutions, Inc. and referred to herein as the "Issuer"), ConnectM Operations, Inc. (formerly known as ConnectM Technology Solutions, Inc.), and Chronos Merger Sub, Inc., a wholly-owned subsidiary of the Issuer (such transactions, the "Business Combination"), shares of the Issuer's Class B common stock held by the Reporting Person automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis and without any additional consideration. The Class B common stock had no expiration date and no exercise price.
F2 Pursuant to the Issuer's Second Amended and Restated Certificate of Incorporation, filed in connection with the consummation of the Business Combination, the Issuer completed a reclassification whereby each share of the Issuer's Class A common stock was reclassified on a one-for-one basis, and without any additional consideration, into a share of the Issuer's common stock, par value $0.0001 per share.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney