Mercato Partners Growth III GP, LLC - 23 May 2025 Form 4 Insider Report for MNTN, Inc.

Reporting relationship: 10%+ Owner
Issuer ticker: MNTN on NYSE
Reported as of: 23 May 2025
Net transaction value: -$5,936,932
SEC form: 4
Accepted by SEC: 28 May 2025, 16:37:10 UTC
Prior SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: Mercato Partners Growth III GP, LLC, By: /s/ Gregory Warnock, Managing Director

Key filing fact

Mercato Partners Growth III GP, LLC filed Form 4 for MNTN, Inc. on 28 May 2025.

Key facts

This page summarizes Mercato Partners Growth III GP, LLC's Form 4 filing for MNTN, Inc..
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 May 2025, 16:37.

Change

Previous filing in this sequence was filed on 22 May 2025.
Current net transaction value: -$5,936,932.

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 (6)

CIK 0002060676 Primary reporting owner

Mercato Partners Growth III GP, LLC

Relationship: 10%+ Owner
Address: 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS
Signature: Mercato Partners Growth III GP, LLC, By: /s/ Gregory Warnock, Managing Director
Signature date: 28 May 2025

CIK 0001631695

Mercato Partners Growth III, L.P.

Relationship: 10%+ Owner
Address: 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS
Signature: Mercato Partners Growth III, L.P., By: Mercato Partners Growth III GP, LLC, its General Partner, By: /s/ Gregory Warnock, Managing Director
Signature date: 28 May 2025

CIK 0001631694

Mercato Partners Growth AI III, L.P.

Relationship: 10%+ Owner
Address: 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS
Signature: Mercato Partners Growth AI III, L.P., By: Mercato Partners Growth III GP, LLC, its General Partner, By: /s/ Gregory Warnock, Managing Director
Signature date: 28 May 2025

CIK 0001990107

Mercato Partners Traverse IIIe, L.P.

Relationship: 10%+ Owner
Address: 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS
Signature: Mercato Partners Traverse IIIe, L.P., By: Mercato Partners Growth III GP, LLC, its General Partner, By: /s/ Gregory Warnock, Managing Director
Signature date: 28 May 2025

CIK 0002060678

Mercato Traverse MNTN Series D Coinvest, LLC

Relationship: 10%+ Owner
Address: 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS
Signature: Fund 00103, a Series of MERCATO TRAVERSE MNTN SERIES D COINVEST, LLC, By: Mercato Partners Growth III GP, LLC, its Manager, By: /s/ Gregory Warnock, Managing Director
Signature date: 28 May 2025

CIK 0001522008

WARNOCK GREG

Relationship: 10%+ Owner
Address: 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS
Signature: /s/ Gregory Warnock
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: +164,807
Change %: +2.6%
Price
Shares after: 6,468,022
Date: 23 May 2025
Ownership: See Footnotes
Footnotes: F1, F2, F3

MNTN transaction

Class A Common Stock

Sale

Transaction value: $4,800,000
Shares: -300,000
Change %: -4.6%
Price: $16.00
Shares after: 6,168,022
Date: 23 May 2025
Ownership: See Footnotes
Footnotes: F2, F3, F4

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: $1,136,932
Shares
Change %
Price
Shares after: 0
Date: 23 May 2025
Ownership: See Footnotes
Underlying class: Class A Common Stock
Underlying amount: 164,807
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

Explanation of responses 4 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). The shares of Class A Common Stock issued upon conversion of the convertible notes were issued as follows: 158,862 shares to MPG III and 5,945 shares to MPG AI III.

Footnote F2

Following the transactions reported in this Form 4, consists of (i) 5,761,058 shares of Class A common stock held by Mercato Partners Growth III, L.P. ("MPG III"); (ii) 170,776 shares of Class A common stock held by Mercato Partners Growth AI III L.P. ("MPG AI III"); (iii) 25,000 shares of Class A common stock held by Mercato Partners Traverse IIIe, L.P. ("MPG IIIe"); and (iv) 211,188 shares of Class A common stock held by Fund 00103, a Series of MERCATO TRAVERSE MNTN SERIES D COINVEST, LLC ("Fund 00103").

Footnote F3

Mercato Partners Growth III GP, LLC ("MPG III GP") is the sole general partner of MPG III, MPG AI III and MPG IIIe, and the sole manager of Fund 01003. Greg Warnock is the manager of MPG III GP and as such, MPG III GP and Mr. Warnock may be deemed to share beneficial ownership of the securities held of record by MPG III, MPG AI III, MPG IIIe and Fund 01003. Each of MPG III GP and Mr. Warnock disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein.

Footnote F4

Represents shares sold in the secondary component of the Issuer's initial public offering by MPG III.