Mark Douglas - May 22, 2025 Form 3 Insider Report for MNTN, Inc. (MNTN)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Mark Douglas, /s/ Richard Ballard, Attorney-in-Fact
Stock symbol
MNTN
Transactions as of
May 22, 2025
Transactions value $
$0
Form type
3
Date filed
5/22/2025, 05:48 PM
Previous filing
May 28, 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
Douglas Mark Steven Chief Executive Officer, Director, 10%+ Owner C/O MNTN, INC., 823 CONGRESS AVENUE, #1827, AUSTIN Mark Douglas, /s/ Richard Ballard, Attorney-in-Fact 2025-05-22 0002059554
Hot Springs Capital I LLC Director, 10%+ Owner C/O CORPORATION SERVICE COMPANY,, 251 LITTLE FALLS DRIVE,, WILMINGTON Hot Springs Capital LLC, /s/ Richard Ballard, Attorney-in-Fact 2025-05-22 0002059559

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MNTN Class B Common Stock May 22, 2025 Class A Common Stock 448K By Trusts F1
holding MNTN Class B Common Stock May 22, 2025 Class A Common Stock 5.31M By Hot Springs Capital LLC F1
holding MNTN Stock Option May 22, 2025 Class B Common Stock 132K $3.79 Direct F2
holding MNTN Stock Option May 22, 2025 Class B Common Stock 158K $3.79 Direct F3
holding MNTN Stock Option May 22, 2025 Class B Common Stock 4.59M $3.79 By Hot Springs Capital LLC F2
holding MNTN Stock Option May 22, 2025 Class B Common Stock 6.93M $3.79 By Hot Springs Capital LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each outstanding share of Class B common stock will be 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.
F2 The stock option vests in 48 substantially equal monthly installments beginning on September 25, 2021.
F3 The stock option vests and becomes exercisable upon the attainment of certain closing trading prices of the Issuer's Class A common stock.

Remarks:

Exhibit 24 - Power of Attorney.