Horlick Douglas 4

What Happened
Douglas Horlick, Mountain Lake Acquisition Corp.'s CFO, President and a director, received 478,010 Class B ordinary (founder) shares on 2026-06-01. The Form 4 reports this as an "other acquisition or disposition" (transaction code J); no purchase price or cash consideration was paid.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-04 (filed one business day after the typical 2-business-day deadline).
• Shares involved: 478,010 Class B ordinary shares (founder shares). Price: N/A; reported as an acquisition via Sponsor distribution.
• Footnote F1: Shares were received in a pro rata distribution of assets by Mountain Lake Acquisition Sponsor LLC to its members; no consideration paid.
• Footnote F2: Class B shares convert into Class A ordinary shares on a one-for-one basis at the issuer's initial business combination (or earlier at the holder's option), subject to adjustments.
• Shares owned after the transaction: Not specified in the filing.

Context
These are founder (Class B) shares distributed by the sponsor rather than an open‑market purchase or options exercise. Founder shares typically convert into Class A shares at the time of a SPAC’s initial business combination; such distributions and conversions are structural/corporate events and do not, by themselves, indicate an insider’s trading view.