Brian Kabot - Aug 12, 2021 Form 4 Insider Report for Momentus Inc. (MNTSW)

Role: Director, 10%+ Owner
Signature: /s/ Brian Kabot
Stock symbol: MNTSW
Transactions as of: Aug 12, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/16/2021, 04:14 PM
Next filing: Oct 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MNTSW	Class A Common Stock	Conversion of derivative security	$0	+3.89M	+785.06%	$0.00	4.38M	Aug 12, 2021	Direct	F1, 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	MNTSW	Class B Common Stock	Other		-250K	-6.04%		3.89M	Aug 12, 2021	Class A Common Stock	250K		Direct	F1, F2, F3
transaction	MNTSW	Class B Common Stock	Conversion of derivative security		-3.89M	-100%		0	Aug 12, 2021	Class A Common Stock	3.89M		Direct	F1, F2

* 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. 333-233980) under the heading "Description of Securities--Founder Shares and Placement Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date. On August 12, 2021, the Issuer completed its initial business combination (the "Business Combination") with Momentus Inc., a Delaware corporation ("Momentus"). In connection with the Business Combination, each share of Class B common stock automatically converted on a one-for-one basis into shares of the Issuer's Class A common stock.
F2	Brian Kabot, Juan Manuel Quiroga and Edward Freedman are the managers of SRC-NI Holdings LLC (the "Sponsor") and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of them may be deemed to share beneficial ownership of the securities held directly by the Sponsor. The reporting person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3	Represents shares of Class B common stock relinquished and forfeited upon the closing of the Business Combination pursuant to a settlement agreement with the Securities and Exchange Commission.