Paul Grinberg - Dec 12, 2024 Form 4 Insider Report for Mountain Lake Acquisition Corp. (MLAC)

Role: Chief Executive Officer, Director
Signature: /s/ Paul Grinberg
Stock symbol: MLAC
Transactions as of: Dec 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/16/2024, 08:25 PM
Previous filing: Nov 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MLAC	Class A Ordinary Share, par value $0.0001 per share	Purchase		+12.5K			12.5K	Dec 16, 2024	See Footnote	F1, F2, F3

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	MLAC	Class B ordinary shares, par value $0.0001 per share	Award		+66K	+5.08%		1.37M	Dec 12, 2024	Class A ordinary shares	66K		See Footnote	F3, F4, F5
transaction	MLAC	Class B ordinary shares, par value $0.0001 per share	Disposed to Issuer		-66K	-4.83%		1.3M	Dec 16, 2024	Class A ordinary shares	66K		See Footnote	F3, F4, F6
transaction	MLAC	Rights to receive Class A Ordinary Shares	Purchase		+12.5K			12.5K	Dec 16, 2024	Class A Ordinary Share, par value $0.0001 per share	12.5K		See Footnote	F1, F2, F3, F7

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

Explanation of Responses:

Id	Content
F1	Reflects the private units owned by Mountain Lake Acquisition Sponsor LLC, the Issuer's sponsor (the "Sponsor"), in which the reporting person has a pecuniary interest. The private units consist of Class A ordinary shares and rights.
F2	The private units were purchased at $10.00 per unit.
F3	There are two managing member of the Sponsor, Paul Grinberg and Paul Grinberg. Messrs. Grinberg and Horlick hold voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor. As such, Messrs. Grinberg and Horlick may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Horlick disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
F4	As described in the registration statement on Form S-1 (File No. 333-281410) of the Issuer under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments.
F5	Reflects the issuance of bonus shares on December 12, 2024 in connection with the upsize of the Issuer's initial public offering.
F6	Reflects the forfeiture of shares because the Issuer's over-allotment option was only partially exercised by the underwriters.
F7	The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination.