Choudhury Mahesh 4
4 · ConnectM Technology Solutions, Inc. · Filed Jul 16, 2024
Insider Transaction Report
Form 4
Choudhury Mahesh
See Remarks
Transactions
- Award
Stock Option (Right to Buy)
2024-07-12+24,910→ 24,910 totalExercise: $0.50From: 2024-07-12Exp: 2030-11-15→ Common Stock (24,910 underlying) - Award
Stock Option (Right to Buy)
2024-07-12+52,709→ 52,709 totalExercise: $0.50From: 2024-07-12Exp: 2028-04-01→ Common Stock (52,709 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger, dated December 31, 2022, as amended, among Monterey Capital Acquisition Corp. (now known as ConnectM Technology Solutions, Inc.) (the "Issuer"), ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions, Inc.) ("Legacy ConnectM"), and Chronos Merger Sub, Inc. (such transactions, the "Business Combination"), at the effective time of the Business Combination (the "Effective Time"), each Legacy ConnectM stock option was converted into an option to purchase a number of shares of common stock of the Issuer, equal to the product (rounded down to the nearest whole number) of (x) the number of shares of Legacy ConnectM common stock subject to such Legacy ConnectM option immediately prior to the Effective Time and (y) the exchange ratio of approximately 3.32 (the "Exchange Ratio"), at an exercise price per share equal to (A) the exercise price of such Legacy ConnectM option divided by (B) the Exchange Ratio.