Form 4: Montana Technologies Corp. Executive Chairman Patrick C. Eilers Reports Changes in Beneficial Ownership

Patrick C. Eilers, Executive Chairman of Montana Technologies Corp., reports a pro-rata distribution in-kind of Class A Common Stock and adjustments to his beneficial ownership.

Summary

• On July 24, 2024, Patrick C. Eilers reported changes in his beneficial ownership of Montana Technologies Corp. Class A Common Stock.
• The changes include a pro-rata distribution in-kind by TEP Montana, LLC to its members, resulting in Eilers directly holding 3,980,310 shares.
• Eilers also indirectly holds 1,647,217 shares and 6,827,969 shares through TEP Montana, LLC and XPDI Sponsor II LLC, respectively.
• Eilers disclaims beneficial ownership of shares held by TEP Montana, LLC and XPDI Sponsor II LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a key executive.
• This information helps stakeholders understand the alignment of management's interests with those of the company.

Key Dates