Bhat Phalachandra 4

What Happened

• Bhat Phalachandra, a director of MNTN, Inc. (MNTN), received an award of 23,446 restricted stock units (RSUs) on 2026-06-11. The grant is reported at $0.00 per share (no cash paid at grant); each RSU represents a contingent right to one share of Class A common stock upon vesting. This is an equity compensation award rather than a market purchase or sale.

Key Details

• Transaction date and type: 2026-06-11 — Grant/Award (code A). Report filed 2026-06-15 (timely).
• Shares/units granted: 23,446 RSUs; reported acquisition price $0.00 (no immediate cash value).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) immediately prior to the issuer’s next annual meeting, subject to continued board service.
• Filing timeliness: Filed within SEC timing rules (reported 06-15 for a 06-11 grant).

Context

• RSU awards are compensation for service and do not reflect an open-market purchase or sale. They only convert to actual shares if and when they vest under the stated conditions. Such grants are common for directors and are not direct indicators of buy/sell intent.