Key facts
- This page summarizes Rhett Bennett's Form 4 filing for Black Mountain Acquisition Corp..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 Apr 2023, 18:28.
Rhett Bennett - 10 Apr 2023 Form 4 Insider Report for Black Mountain Acquisition Corp.
- Reporting relationship
- Chief Executive Officer, Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 10 Apr 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 10 Apr 2023, 18:28:49 UTC
- Prior SEC filing
- 27 Dec 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Rhett Bennett
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Rhett Bennett filed Form 4 for Black Mountain Acquisition Corp. on 10 Apr 2023.
Change
- Previous filing in this sequence was filed on 27 Dec 2022.
- Current net transaction value: $0.
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.
BMAC
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +6,810,000
- Change %
- Price
- Shares after
- 6,810,000
- Date
- 10 Apr 2023
- Ownership
- See Footnote
- Footnotes
- F1, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BMAC
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -6,810,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 10 Apr 2023
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 6,810,000
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
In accordance with the amended and restated certificate of incorporation of Black Mountain Acquisition Corp. ("BMAC"), Black Mountain Sponsor LLC ("Sponsor") elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.
Footnote F2
The total shares reported includes 1,150,000 shares of Class B Common Stock issued to Sponsor as a result of a stock dividend of the shares of Class B Common Stock by BMAC in connection with BMAC's initial public offering which, as a result of a clerical error, were not previously included on the Reporting Person's Form 3 filed on October 13, 2021.
Footnote F3
The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at Sponsor's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of the closing of BMAC's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by Sponsor in connection with BMAC's proposed business combination), and had no expiration date.
Footnote F4
Sponsor is the record holder of the securities reported herein. Sponsor is a limited liability company, of which the Reporting Person is a member and the sole manager. Because of the relationship between the Reporting Person and Sponsor, the Reporting Person may be deemed to beneficially own the securities held of record by Sponsor and reported herein to the extent of the greater of the Reporting Person's direct or indirect pecuniary interests in the profits or capital accounts of Sponsor. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of or has any pecuniary interest in such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.