Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MNTS | Stock Options (right to buy) | Award | +3.86K | 3.86K | Aug 12, 2021 | Class A Common Stock | 3.86K | $0.29 | Direct | F1, F2 | |||
transaction | MNTS | Stock Options (right to buy) | Award | +247K | 247K | Aug 12, 2021 | Class A Common Stock | 247K | $0.29 | Direct | F2, F3 |
Id | Content |
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F1 | On August 12, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of October 7, 2020 (as amended, supplemented or modified from time to time, the "Merger Agreement"), by and among Stable Road Acquisition Corp., a Delaware corporation (the "Issuer"), Momentus Inc., a Delaware corporation ("Legacy Momentus"), and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, the Issuer changed its name to Momentus Inc. In connection with the Business Combination and in accordance with the Merger Agreement, an option to purchase 15,625 shares of Class A Common Stock of Legacy Momentus held by the Reporting Person was converted into an option to purchase 3,857 shares of Class A Common Stock of the Issuer. The issuance of the option was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. |
F2 | The option vested and became exercisable as to 1/4th of the total number of shares on October 21, 2020, and thereafter will vest and become exercisable as to 1/48th of the total number of shares in equal monthly installments. |
F3 | In connection with the Business Combination, and in accordance with the Merger Agreement, an option to purchase 1,000,000 shares of Class A Common Stock of Legacy Momentus held by the Reporting Person was converted into an option to purchase 246,855 shares of Class A Common Stock of the Issuer. The issuance of the option was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. |