Form 4: Montana Technologies Corp.: Stuart Porter Reports Acquisition and Disposal of Class A Common Stock
SEC Form 4
Stuart Porter, a director and 10% owner of Montana Technologies Corp., reported acquiring and disposing of Class A Common Stock on March 14, 2024, in connection with the company's business combination.
Summary
- On March 14, 2024, Stuart Porter, a director and 10% owner of Montana Technologies Corp., reported transactions involving Class A Common Stock.
- Porter acquired 294,118 shares of Class A Common Stock at a price of $8.5 per share.
- Porter also reported ownership of 18,755,774 shares of Class A Common Stock held indirectly through Three Curve Capital LP.
- These shares were received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of June 5, 2023.
- The common units of Legacy Montana automatically converted into newly issued shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by an insider, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 06/05/2023 | Date of the Agreement and Plan of Merger between Power & Digital Infrastructure Acquisition II Corp., XPDB Merger Sub, LLC and Montana Technologies LLC (Legacy Montana). |
| 03/14/2024 | Date of the reported transactions involving Class A Common Stock. |
| 03/19/2024 | Date of signature of the Form 4 report. |
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