Kugler Mitchel B. 4

What Happened Mitchel B. Kugler, a member of Momentus Inc.'s Board of Directors, received an award of 6,039 restricted stock units (RSUs) on May 18, 2026. The Form 4 reports the grant price as $0 and lists the transaction as a derivative award (RSUs), not an open‑market purchase or sale. The filing shows an acquisition of contingent rights to shares rather than immediate shares or cash proceeds.

Key Details

• Transaction date: 2026-05-18; Form 4 filed: 2026-05-20.
• Grant: 6,039 RSUs; reported acquisition price: $0; reported monetary value on the form: $0.
• Each RSU represents a contingent right to one share of Momentus Class A Common Stock (Footnote F1).
• Vesting: RSUs vest in full on the earlier of May 18, 2027 or the day of the 2027 Annual Meeting, contingent on Kugler’s continued service on the board through that date (Footnote F2).
• Shares owned after the transaction: not specified in the provided excerpt.
• Filing timeliness: Form filed two days after the grant (May 20, 2026); the filing does not indicate a late report.

Context RSU grants to directors are commonly part of board compensation and represent a contingent right to receive shares if vesting conditions are met; they are not the same as an immediate stock purchase. The award does not by itself indicate a purchase (bullish signal) or a sale — it’s compensation subject to future vesting and continued service.