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

Role
Director
Signature
/s/ Richard Ballard, Attorney-in-Fact
Issuer symbol
MNTN
Transactions as of
13 Feb 2025
Transactions value $
-$3,076,822
Form type
4
Filing time
28 May 2025, 16:32:43 UTC
Previous filing
08 Oct 2024
Next filing
22 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Partovi Hadi Director C/O MNTN, INC., 823 CONGRESS AVENUE, #1827, AUSTIN /s/ Richard Ballard, Attorney-in-Fact 28 May 2025 0001495865

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTN Class A Common Stock Conversion of derivative security +188K +60.48% 498K 23 May 2025 By Hadi Partovi Investments LLC F1
transaction MNTN Class A Common Stock Sale -$800K -50K -10.05% $16.00 448K 23 May 2025 By Hadi Partovi Investments LLC

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
transaction MNTN Stock Option Award $0 +90K $0.00 90K 13 Feb 2025 Class A Common Stock 90K $20.54 Direct F2, F3
transaction MNTN Convertible Notes Conversion of derivative security -$2.28M 0 23 May 2025 Class A Common Stock 188K By Hadi Partovi Investments LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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).
F2 The stock option vests in 48 substantially equal monthly installments beginning on March 13, 2025.
F3 These securities were previously reported on a Form 3 filed by the Reporting Person.