Dana R. Settle - 23 May 2025 Form 4 Insider Report for MNTN, Inc.

Reporting relationship: Director
Issuer ticker: MNTN on NYSE
Reported as of: 23 May 2025
Net transaction value: -$27,036,301
SEC form: 4
Accepted by SEC: 28 May 2025, 16:34:29 UTC
Prior SEC filing: 22 May 2025
Next SEC filing: 13 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Richard Ballard, Attorney-in-Fact

Filing notes and source

Key filing fact

Dana R. Settle filed Form 4 for MNTN, Inc. on 28 May 2025.

Key facts

This page summarizes Dana R. Settle's Form 4 filing for MNTN, Inc..
9 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 28 May 2025, 16:34.

Change

Previous filing in this sequence was filed on 22 May 2025.
Current net transaction value: -$27,036,301.

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 0001197109 Primary reporting owner

SETTLE DANA R

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: +2,061,643
Change %
Price
Shares after: 2,061,643
Date: 23 May 2025
Ownership: See Footnote
Footnotes: F1, F2, F3

MNTN transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +800,000
Change %
Price
Shares after: 800,000
Date: 23 May 2025
Ownership: See Footnote
Footnotes: F2, F4, F5

MNTN transaction

Class A Common Stock

Sale

Transaction value: -$12,800,000
Shares: -800,000
Change %: -100%
Price: $16.00
Shares after: 0
Date: 23 May 2025
Ownership: See Footnote
Footnotes: F2, F5

Reported derivative securities

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

MNTN transaction Derivative

Convertible Notes

Conversion of derivative security

Transaction value: -$14,236,301
Shares
Change %
Price
Shares after: 0
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 2,061,643
Exercise price
Footnotes: F1, F2, F3

MNTN transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
Shares: -2,136,752
Change %: -100%
Price
Shares after: 0
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class B Common Stock
Underlying amount: 2,136,752
Exercise price
Footnotes: F2, F5, F6

MNTN transaction Derivative

Series B-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares: -3,243,124
Change %: -100%
Price
Shares after: 0
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class B Common Stock
Underlying amount: 3,243,124
Exercise price
Footnotes: F2, F5, F6

MNTN transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
Shares: -464,990
Change %: -100%
Price
Shares after: 0
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class B Common Stock
Underlying amount: 464,990
Exercise price
Footnotes: F2, F5, F6

MNTN transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: +5,844,866
Change %
Price
Shares after: 5,844,866
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 5,844,866
Exercise price
Footnotes: F2, F4, F5, F6

MNTN transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -800,000
Change %: -14%
Price
Shares after: 5,044,866
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 800,000
Exercise price
Footnotes: F2, F4, F5

MNTN holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 130,631
Date: 23 May 2025
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 130,631
Exercise price
Footnotes: 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 6 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

Greycroft Managers II, LLC ("GCP II GP") is the general partner of Greycroft Partners II, L.P. ("GCP II"). Greycroft Growth III, LLC ("GCG III GP") is the general partner of Greycroft Growth III, L.P. ("GCG III"). The reporting person is a director of each of GCP II GP and GCG III GP and disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.

Footnote F3

Securities held by GCG III.

Footnote F4

Each outstanding share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers. The Class B common stock has no expiration date.

Footnote F5

Securities held by GCP II.

Footnote F6

Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of Class B common stock on a one-for-one basis.