Form 4: MNTN Insider Converts Class B to Class A Stock

Baroda Ventures LLC and David C. Bohnett converted 6,711,098 shares of MNTN, Inc. Class B Common Stock into Class A Common Stock.

Summary

• Baroda Ventures LLC, a 10% owner and director of MNTN, Inc., completed a conversion of 6,711,098 shares of Class B Common Stock into Class A Common Stock.
• The transaction occurred on November 6, 2025.
• Following the conversion, Baroda Ventures LLC now indirectly beneficially owns 6,711,098 shares of Class A Common Stock and 0 shares of Class B Common Stock.
• David C. Bohnett, who is the manager and sole member of Baroda Ventures LLC and also a director and 10% owner of MNTN, Inc., is deemed to share beneficial ownership of these securities.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the holder's option or automatically upon certain transfers.

Sentiment

Score: 5

Explanation: Neutral, as this is a mandatory disclosure of a stock conversion by an insider, not a performance or strategic announcement that would typically carry positive or negative sentiment.

Future Outlook

NA

Industry Context

This filing represents a routine insider transaction, specifically a conversion of one class of stock to another, which is a common occurrence for companies with dual-class share structures. It does not provide broader industry insights.

Stakeholder Impact

• Shareholders: Provides transparency regarding the composition of insider holdings, specifically the conversion of Class B to Class A shares, which may affect voting rights or liquidity depending on the share class characteristics.

Key Dates

Keywords

MNTN, Baroda Ventures LLC, David C. Bohnett, Class A Common Stock, Class B Common Stock, stock conversion, insider transaction, Form 4, beneficial ownership