Stephen S. Pang - Sep 9, 2024 Form 4 Insider Report for Montana Technologies Corp. (AIRJ)

Role
Chief Financial Officer
Signature
/s/ Chad W. MacDonald, Attorney-in-fact
Stock symbol
AIRJ
Transactions as of
Sep 9, 2024
Transactions value $
$0
Form type
4
Date filed
9/11/2024, 08:02 PM
Previous filing
Jun 10, 2024

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 Restricted Stock Units Award $0 +67.5K +270% $0.00 92.5K Sep 9, 2024 Class A Common Stock 67.5K Direct F1
transaction AIRJ Stock Options Award $0 +178K +270% $0.00 244K Sep 9, 2024 Class A Common Stock 178K $10.23 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest in four equal annual installments beginning on June 6, 2025. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F2 The stock option vests as to 25% of the underlying shares on June 6, 2025 and as to the remaining underlying shares in 12 substantially similar quarterly installments thereafter.