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

Role
10%+ Owner
Signature
Mercato Partners Growth III GP, LLC, By: /s/ Gregory Warnock, Managing Director
Stock symbol
MNTN
Transactions as of
May 23, 2025
Transactions value $
-$5,936,932
Form type
4
Date filed
5/28/2025, 04:37 PM
Previous filing
May 22, 2025

Reporting Owners (6)

Name Relationship Address Signature Signature date CIK
Mercato Partners Growth III GP, LLC 10%+ Owner 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS Mercato Partners Growth III GP, LLC, By: /s/ Gregory Warnock, Managing Director 2025-05-28 0002060676
Mercato Partners Growth III, L.P. 10%+ Owner 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS Mercato Partners Growth III, L.P., By: Mercato Partners Growth III GP, LLC, its General Partner, By: /s/ Gregory Warnock, Managing Director 2025-05-28 0001631695
Mercato Partners Growth AI III, L.P. 10%+ Owner 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS Mercato Partners Growth AI III, L.P., By: Mercato Partners Growth III GP, LLC, its General Partner, By: /s/ Gregory Warnock, Managing Director 2025-05-28 0001631694
Mercato Partners Traverse IIIe, L.P. 10%+ Owner 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS Mercato Partners Traverse IIIe, L.P., By: Mercato Partners Growth III GP, LLC, its General Partner, By: /s/ Gregory Warnock, Managing Director 2025-05-28 0001990107
Mercato Traverse MNTN Series D Coinvest, LLC 10%+ Owner 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS 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 2025-05-28 0002060678
WARNOCK GREG 10%+ Owner 2750 E. COTTONWOOD PKWY, SUITE 500, COTTONWOOD HEIGHTS /s/ Gregory Warnock 2025-05-28 0001522008

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 +165K +2.61% 6.47M May 23, 2025 See Footnotes F1, F2, F3
transaction MNTN Class A Common Stock Sale -$4.8M -300K -4.64% $16.00 6.17M May 23, 2025 See Footnotes F2, F3, F4

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 Convertible Notes Conversion of derivative security -$1.14M 0 May 23, 2025 Class A Common Stock 165K See Footnotes F1, F3
* 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). 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.
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").
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.
F4 Represents shares sold in the secondary component of the Issuer's initial public offering by MPG III.