Key facts
- This page summarizes Edward K. Freedman's Form 4 filing for Momentus Inc. (MNTS).
- 6 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 23 Aug 2021, 10:58.
Edward K. Freedman - 12 Aug 2021 Form 4 Insider Report for Momentus Inc. (MNTS)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- MNTS
- Reported as of
- 12 Aug 2021
- Net transaction value
- +$13,000,000
- Reporting owner signature
- /s/ Edward K. Freedman
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Edward K. Freedman filed Form 4 for Momentus Inc. (MNTS) on 23 Aug 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$13,000,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MNTSW
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +3,886,029
- Change %
- +785%
- Price
- $0.000000
- Shares after
- 4,381,029
- Date
- 12 Aug 2021
- Ownership
- See Footnote
- Footnotes
- F1, F2
MNTSW
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +176,471
- Change %
- Price
- $0.000000
- Shares after
- 176,471
- Date
- 12 Aug 2021
- Ownership
- See Footnote
- Footnotes
- F1, F3
MNTSW
transaction
Class A Common Stock
Purchase
- Transaction value
- $13,000,000
- Shares
- +1,300,000
- Change %
- +737%
- Price
- $10.00*
- Shares after
- 1,476,471
- Date
- 12 Aug 2021
- Ownership
- See Footnote
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MNTSW
transaction
Derivative
Class B Common Stock
Other
- Transaction value
- Shares
- -250,000
- Change %
- -6%
- Price
- Shares after
- 3,886,029
- Date
- 12 Aug 2021
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 250,000
- Exercise price
- Footnotes
- F1, F2, F5
MNTSW
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -3,886,029
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Aug 2021
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,886,029
- Exercise price
- Footnotes
- F1, F2
MNTSW
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -176,471
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Aug 2021
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 176,471
- Exercise price
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Edward K. Freedman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
As described in the Issuer's registration statement on Form S-1 (File No. 333-233980) under the heading "Description of Securities--Founder Shares and Placement Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date. On August 12, 2021, the Issuer completed its initial business combination (the "Business Combination") with Momentus Inc., a Delaware corporation ("Momentus"). In connection with the Business Combination, each share of Class B common stock automatically converted on a one-for-one basis into shares of the Issuer's Class A Common Stock
Footnote F2
Brian Kabot, Juan Manuel Quiroga and Edward Freedman are the managers of SRC-NI Holdings LLC (the "Sponsor") and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of them may be deemed to share beneficial ownership of the securities held directly by the Sponsor. 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.
Footnote F3
Stable Road Capital LLC is the managing member (the "Managing Member") of SRAC PIPE Partners LLC. Edward Freedman is the sole member of the Managing Member. As such, the reporting person may be deemed to possess beneficial ownership of the securities held directly by SRAC PIPE Partners LLC. 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.
Footnote F4
Represents 1,000,000 shares of the Issuer's Class A Common Stock acquired pursuant to a subscription agreement by and among SRAC PIPE Partners LLC, the Issuer and Momentus; and 300,000 shares of the Issuer's Class A Common Stock acquired pursuant to a subscription agreement by and among Stable Road Capital LLC, the Issuer and Momentus
Footnote F5
Represents shares of Class B common stock relinquished and forfeited by the Sponsor upon the closing of the Business Combination pursuant to a settlement agreement with the Securities and Exchange Commission.