Black Mountain Sponsor LLC 4
4 · Black Mountain Acquisition Corp. · Filed Apr 10, 2023
Insider Transaction Report
Form 4
Black Mountain Sponsor LLC
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-04-10−6,810,000→ 0 total→ Class A Common Stock (6,810,000 underlying) - Conversion
Class A Common Stock
2023-04-10+6,810,000→ 6,810,000 total
Footnotes (3)
- [F1]In accordance with the amended and restated certificate of incorporation of Black Mountain Acquisition Corp. ("BMAC"), the Reporting Person elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.
- [F2]The total shares reported includes 1,150,000 shares of Class B Common Stock issued to the Reporting Person as a result of a stock dividend of the shares of Class B Common Stock by BMAC in connection with BMAC's initial public offering which, as a result of a clerical error, were not previously included on the Reporting Person's Form 3 filed on October 13, 2021.
- [F3]The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of the closing of BMAC's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by the Reporting Person in connection with BMAC's proposed business combination), and had no expiration date.