MGD Holdings 3
3 · MNTN, Inc. · Filed May 22, 2025
Insider Transaction Report
Form 3
MNTN, Inc.MNTN
MGD Holdings
10% Owner
Holdings
- (indirect: See Footnote)
Convertible Notes
→ Class A Common Stock (281,250 underlying) - (indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (3,872,791 underlying)
Footnotes (3)
- [F1]The securities reported herein are held of record by MGD Holdings. Voting and dispositive decisions with respect to the shares held by MGD Holdings are made by its sole director, CCT Services 1 Limited. As such, CCT Services 1 Limited may be deemed to share beneficial ownership of such securities.
- [F2]Each outstanding share of Class B common stock will be convertible at any time at the option of the holder into one share of Class A common stock. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers.
- [F3]Upon the closing of the Issuer's initial public offering, the convertible notes will automatically convert 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).