Hadi Partovi - 13 Feb 2025 Form 4 Insider Report for MNTN, Inc.

Reporting relationship: Director
Issuer ticker: MNTN on NYSE
Reported as of: 13 Feb 2025
Net transaction value: -$3,076,822
SEC form: 4
Accepted by SEC: 28 May 2025, 16:32:43 UTC
Prior SEC filing: 08 Oct 2024
Next SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Richard Ballard, Attorney-in-Fact

Key filing fact

Hadi Partovi filed Form 4 for MNTN, Inc. on 28 May 2025.

Key facts

This page summarizes Hadi Partovi's Form 4 filing for MNTN, Inc..
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 28 May 2025, 16:32.

Change

Previous filing in this sequence was filed on 08 Oct 2024.
Current net transaction value: -$3,076,822.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001495865 Primary reporting owner

Partovi Hadi

Relationship: Director
Address: C/O MNTN, INC., 823 CONGRESS AVENUE, #1827, AUSTIN
Signature: /s/ Richard Ballard, Attorney-in-Fact
Signature date: 28 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MNTN transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +187,500
Change %: +60%
Price
Shares after: 497,520
Date: 23 May 2025
Ownership: By Hadi Partovi Investments LLC
Footnotes: F1

MNTN transaction

Class A Common Stock

Sale

Transaction value: $800,000
Shares: -50,000
Change %: -10%
Price: $16.00
Shares after: 447,520
Date: 23 May 2025
Ownership: By Hadi Partovi Investments LLC

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MNTN transaction Derivative

Stock Option

Award

Transaction value: $0
Shares: +90,000
Change %
Price: $0.000000
Shares after: 90,000
Date: 13 Feb 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 90,000
Exercise price: $20.54
Footnotes: F2, F3

MNTN transaction Derivative

Convertible Notes

Conversion of derivative security

Transaction value: $2,276,822
Shares
Change %
Price
Shares after: 0
Date: 23 May 2025
Ownership: By Hadi Partovi Investments LLC
Underlying class: Class A Common Stock
Underlying amount: 187,500
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Upon the closing of the Issuer's initial public offering, the convertible notes automatically converted into shares of Class A Common Stock upon the terms of the Note Conversion Agreement, as further described in the Issuer's Form S-1 (File No. 333-285471).

Footnote F2

The stock option vests in 48 substantially equal monthly installments beginning on March 13, 2025.

Footnote F3

These securities were previously reported on a Form 3 filed by the Reporting Person.