SCHEDULE: Rincon & Bonfire Funds Disclose MNTN Inc. Stake

A group of investment entities and an individual, including Rincon Venture Partners and Bonfire Ventures, disclosed beneficial ownership of 6.8% of MNTN, Inc.'s Class A Common Stock.

Summary

• Rincon Venture Partners, LLC and Rincon Venture Partners, L.P. each reported beneficial ownership of 1,277,231 shares, representing 2.6% of MNTN, Inc.'s Class A Common Stock.
• Rincon Venture Associates II, LLC reported beneficial ownership of 1,965,809 shares, representing 3.9% of the Class A Common Stock.
• Rincon Venture Partners II, L.P. reported beneficial ownership of 1,647,565 shares, representing 3.3% of the Class A Common Stock.
• Rincon Venture Partners II QP, L.P. reported beneficial ownership of 318,244 shares, representing 0.7% of the Class A Common Stock.
• Bonfire Select Associates II, LLC and Bonfire Ventures Select II, L.P. each reported beneficial ownership of 240,887 shares, representing 0.5% of the Class A Common Stock.
• James Michael Andelman, through his control over various entities, reported aggregate beneficial ownership of 3,483,927 shares, representing 6.8% of MNTN, Inc.'s Class A Common Stock.
• The ownership percentages are based on 48,269,318 shares of Class A Common Stock outstanding as of June 30, 2025, and assume the conversion of Class B Common Stock to Class A Common Stock on a one-to-one basis.
• The principal business address for Rincon entities is Santa Barbara, CA, while Bonfire entities and Mr. Andelman's principal business address is Los Angeles, CA.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory compliance document.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by institutional investors and related individuals, common in the venture capital and private equity sectors as portfolio companies mature or go public. It indicates a significant, passive stake in MNTN, Inc. by a group of related investment funds and their managing member.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and individual ownership stakes, which can influence perceptions of stability and long-term commitment from key investors.

Key Dates

Keywords

MNTN Inc., Beneficial Ownership, Schedule 13G, SEC Filing, Rincon Venture Partners, Bonfire Ventures, Class A Common Stock, Institutional Investor, Venture Capital