Stephen S. Pang - 09 Sep 2024 Form 4 Insider Report for Montana Technologies Corp. (AIRJ)

Role
Chief Financial Officer
Signature
/s/ Chad W. MacDonald, Attorney-in-fact
Issuer symbol
AIRJ
Transactions as of
09 Sep 2024
Net transactions value
$0
Form type
4
Filing time
11 Sep 2024, 20:02:14 UTC
Previous filing
10 Jun 2024
Next filing
14 Feb 2025
SEC
View on sec.gov

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 +67,500 +270% $0.000000 92,500 09 Sep 2024 Class A Common Stock 67,500 Direct F1
transaction AIRJ Stock Options Award $0 +177,747 +270% $0.000000 243,579 09 Sep 2024 Class A Common Stock 177,747 $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.