Stuart D. Porter - Mar 14, 2024 Form 4 Insider Report for Montana Technologies Corp. (AIRJ)

Role: Director, 10%+ Owner
Signature: /s/ Jeff Gutke, Attorney-in-Fact for Stuart Porter
Stock symbol: AIRJ
Transactions as of: Mar 14, 2024
Transactions value $: $2,500,003
Form type: 4
Date filed: 3/19/2024, 06:31 AM
Previous filing: Mar 13, 2024
Next filing: Jun 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIRJ	Class A Common Stock	Award	$2.5M	+294K		$8.50	294K	Mar 14, 2024	Direct
transaction	AIRJ	Class A Common Stock	Award		+18.8M			18.8M	Mar 14, 2024	By Three Curve Capital LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of June 5, 2023 (the "Merger Agreement"), by and between the Issuer (formerly, Power & Digital Infrastructure Acquisition II Corp.), XPDB Merger Sub, LLC and Montana Technologies LLC ("Legacy Montana"), pursuant to which the common units of Legacy Montana automatically converted into newly issued shares of Class A Common Stock.
F2	The reporting person is the sole shareholder of Three Curve Holding Corporation, which is the general partner of Three Curve Capital LP. As such, each of the foregoing entities and the reporting person may be deemed to share beneficial ownership of the securities held of record by Three Curve Capital LP. Each disclaims any such beneficial ownership, except to the extent, if any, of their pecuniary interest therein.

Content

Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of June 5, 2023 (the "Merger Agreement"), by and between the Issuer (formerly, Power & Digital Infrastructure Acquisition II Corp.), XPDB Merger Sub, LLC and Montana Technologies LLC ("Legacy Montana"), pursuant to which the common units of Legacy Montana automatically converted into newly issued shares of Class A Common Stock.

The reporting person is the sole shareholder of Three Curve Holding Corporation, which is the general partner of Three Curve Capital LP. As such, each of the foregoing entities and the reporting person may be deemed to share beneficial ownership of the securities held of record by Three Curve Capital LP. Each disclaims any such beneficial ownership, except to the extent, if any, of their pecuniary interest therein.