Brian Kabot - May 30, 2023 Form 4 Insider Report for Momentus Inc. (MNTS)

Role
Director
Signature
/s/ Paul Ney, Attorney-in-Fact
Stock symbol
MNTS
Transactions as of
May 30, 2023
Transactions value $
-$6,662
Form type
4
Date filed
6/1/2023, 09:43 PM
Previous filing
May 2, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTS Class A Common Stock Options Exercise $0 +86.2K +37.19% $0.00 318K May 30, 2023 Direct
transaction MNTS Class A Common Stock Sale -$6.66K -20K -6.29% $0.33 298K May 30, 2023 Direct F1, F2
holding MNTS Class A Common Stock 1.44M May 30, 2023 By SRC-NI Holdings LLC 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 MNTS Restricted Stock Units Award $0 +120K $0.00 120K May 30, 2023 Class A Common Stock 120K Direct F4, F5
transaction MNTS Restricted Stock Units Options Exercise $0 -86.2K -100% $0.00* 0 May 30, 2023 Class A Common Stock 86.2K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This transaction was executed in multiple trades at prices ranging from $0.3205 to $0.3462. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Brian Kabot, Juan Manuel Quiroga and Edward Freedman are the managers of SRC-NI Holdings LLC ("SRC-NI") and have voting and investment discretion with respect to the securities held by SRC-NI. As such, each of them may be deemed to share beneficial ownership of the securities held directly by SRC-NI. The Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F4 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Momentus, Inc. Class A Common Stock.
F5 The RSUs will vest in full on the earlier to occur of May 29, 2024 or the day before the 2024 Annual Meeting, subject to the Reporting Person's continued service as a member of the Board of Directors through such vesting date.
F6 The RSUs will vest in full on the earlier to occur of June 1, 2023 or the day before the 2023 Annual Meeting, subject to the Reporting Person's continued service as a member of the Board of Directors through such vesting date.