Mark Steven Douglas - 21 Feb 2025 Form 4 Insider Report for MNTN, Inc.

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Mark Douglas, /s/ Richard Ballard, Attorney-in-Fact
Issuer symbol
MNTN on NYSE
Transactions as of
21 Feb 2025
Net transactions value
-$14,400,000
Form type
4
Filing time
28 May 2025, 16:30:25 UTC
Next filing
22 May 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
Douglas Mark Steven Chief Executive Officer, Director, 10%+ Owner C/O MNTN, INC., 823 CONGRESS AVENUE, #1827, AUSTIN Mark Douglas, /s/ Richard Ballard, Attorney-in-Fact 28 May 2025 0002059554
Hot Springs Capital I LLC Director, 10%+ Owner C/O CORPORATION SERVICE COMPANY,, 251 LITTLE FALLS DRIVE,, WILMINGTON Hot Springs Capital I LLC, /s/ Richard Ballard, Attorney-in-Fact 28 May 2025 0002059559

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTN Class A Common Stock Conversion of derivative security +900,000 900,000 23 May 2025 By Hot Springs Capital I LLC F1
transaction MNTN Class A Common Stock Sale $14,400,000 -900,000 -100% $16.00 0 23 May 2025 By Hot Springs Capital I LLC

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 Stock Option Gift $0 -4,592,239 -97% $0.000000 131,925 21 Feb 2025 Class B Common Stock 4,592,239 $3.79 Direct F2, F3
transaction MNTN Stock Option Gift $0 -6,927,936 -98% $0.000000 158,310 21 Feb 2025 Class B Common Stock 6,927,936 $3.79 Direct F3, F4
transaction MNTN Stock Option Gift $0 +4,592,239 $0.000000 4,592,239 21 Feb 2025 Class B Common Stock 4,592,239 $3.79 By Hot Springs Capital I LLC F2, F3
transaction MNTN Stock Option Gift $0 +6,927,936 $0.000000 6,927,936 21 Feb 2025 Class B Common Stock 6,927,936 $3.79 By Hot Springs Capital I LLC F3, F4
transaction MNTN Class B Common Stock Gift $0 -5,314,342 -100% $0.000000 0 21 Feb 2025 Class A Common Stock 5,314,342 Direct F1, F5
transaction MNTN Class B Common Stock Gift $0 +5,314,342 $0.000000 5,314,342 21 Feb 2025 Class A Common Stock 5,314,342 By Hot Springs Capital I LLC F1, F3, F5
transaction MNTN Class B Common Stock Conversion of derivative security -900,000 -17% 4,414,342 23 May 2025 Class A Common Stock 900,000 By Hot Springs Capital I LLC F1
holding MNTN Class B Common Stock 448,000 21 Feb 2025 Class A Common Stock 448,000 By Trusts F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 The stock option vests in 48 substantially equal monthly installments beginning on September 25, 2021.
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.
F5 Prior to the Issuer's initial public offering, these securities were held in the form of common stock.