Dana R. Settle - 23 May 2025 Form 4 Insider Report for MNTN, Inc.

Role
Director
Signature
/s/ Richard Ballard, Attorney-in-Fact
Issuer symbol
MNTN on NYSE
Transactions as of
23 May 2025
Net transactions value
-$27,036,301
Form type
4
Filing time
28 May 2025, 16:34:29 UTC
Previous filing
22 May 2025
Next filing
13 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SETTLE DANA R Director C/O MNTN, INC., 823 CONGRESS AVENUE, #1827, AUSTIN /s/ Richard Ballard, Attorney-in-Fact 28 May 2025 0001197109

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 +2,061,643 2,061,643 23 May 2025 See Footnote F1, F2, F3
transaction MNTN Class A Common Stock Conversion of derivative security +800,000 800,000 23 May 2025 See Footnote F2, F4, F5
transaction MNTN Class A Common Stock Sale $12,800,000 -800,000 -100% $16.00 0 23 May 2025 See Footnote F2, F5

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 Convertible Notes Conversion of derivative security $14,236,301 0 23 May 2025 Class A Common Stock 2,061,643 See Footnote F1, F2, F3
transaction MNTN Series B Preferred Stock Conversion of derivative security -2,136,752 -100% 0 23 May 2025 Class B Common Stock 2,136,752 See Footnote F2, F5, F6
transaction MNTN Series B-1 Preferred Stock Conversion of derivative security -3,243,124 -100% 0 23 May 2025 Class B Common Stock 3,243,124 See Footnote F2, F5, F6
transaction MNTN Series C Preferred Stock Conversion of derivative security -464,990 -100% 0 23 May 2025 Class B Common Stock 464,990 See Footnote F2, F5, F6
transaction MNTN Class B Common Stock Conversion of derivative security +5,844,866 5,844,866 23 May 2025 Class A Common Stock 5,844,866 See Footnote F2, F4, F5, F6
transaction MNTN Class B Common Stock Conversion of derivative security -800,000 -14% 5,044,866 23 May 2025 Class A Common Stock 800,000 See Footnote F2, F4, F5
holding MNTN Class B Common Stock 130,631 23 May 2025 Class A Common Stock 130,631 See Footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the closing of the Issuer's initial public offering, the convertible notes automatically converted into shares of Class A Common Stock upon the terms of the Note Conversion Agreement, as further described in the Issuer's Form S-1 (File No. 333-285471).
F2 Greycroft Managers II, LLC ("GCP II GP") is the general partner of Greycroft Partners II, L.P. ("GCP II"). Greycroft Growth III, LLC ("GCG III GP") is the general partner of Greycroft Growth III, L.P. ("GCG III"). The reporting person is a director of each of GCP II GP and GCG III GP and disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
F3 Securities held by GCG III.
F4 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. The Class B common stock has no expiration date.
F5 Securities held by GCP II.
F6 Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of Class B common stock on a one-for-one basis.