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

Role
Chief Financial Officer
Signature
/s/ Jeff Gutke
Stock symbol
AIRJ
Transactions as of
Mar 14, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 06:33 AM
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 +95.2K 95.2K Mar 14, 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 +286K $0.00 286K Mar 14, 2024 Class A Common Stock 286K $0.12 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.