Juan Manuel Quiroga - 12 Aug 2021 Form 4 Insider Report for Momentus Inc. (MNTS)

Role
10%+ Owner
Signature
/s/ Juan Manuel Quiroga
Issuer symbol
MNTS
Transactions as of
12 Aug 2021
Net transactions value
$0
Form type
4
Filing time
16 Aug 2021, 16:14:45 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTS Class A Common Stock Conversion of derivative security $0 +3,886,029 +785% $0.000000 4,381,029 12 Aug 2021 Direct F1, F2

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 MNTS Class B Common Stock Other -250,000 -6% 3,886,029 12 Aug 2021 Class A Common Stock 250,000 Direct F1, F2, F3
transaction MNTS Class B Common Stock Conversion of derivative security -3,886,029 -100% 0 12 Aug 2021 Class A Common Stock 3,886,029 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Juan Manuel Quiroga is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-233980) under the heading "Description of Securities--Founder Shares and Placement Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date. On August 12, 2021, the Issuer completed its initial business combination (the "Business Combination") with Momentus Inc., a Delaware corporation ("Momentus"). In connection with the Business Combination, each share of Class B common stock automatically converted on a one-for-one basis into shares of the Issuer's Class A common stock.
F2 Brian Kabot, Juan Manuel Quiroga and Edward Freedman are the managers of SRC-NI Holdings LLC (the "Sponsor") and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of them may be deemed to share beneficial ownership of the securities held directly by the Sponsor. The reporting person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 Represents shares of Class B common stock relinquished and forfeited upon the closing of the Business Combination pursuant to a settlement agreement with the Securities and Exchange Commission.