Jeff Gutke - 14 Mar 2024 Form 4 Insider Report for Montana Technologies Corp. (AIRJ)

Role
Chief Financial Officer
Signature
/s/ Jeff Gutke
Issuer symbol
AIRJ
Transactions as of
14 Mar 2024
Net transactions value
$0
Form type
4
Filing time
19 Mar 2024, 06:33:16 UTC
Next filing
10 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRJ Class A Common Stock Award +95,193 95,193 14 Mar 2024 Direct F1

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 AIRJ Stock Option Award $0 +285,579 $0.000000 285,579 14 Mar 2024 Class A Common Stock 285,579 $0.1200 Direct 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. In addition, each Legacy Montana stock option was automatically converted into the right to receive stock options of the Issuer with the same terms and conditions
F2 The stock option is fully vested and exercisable.