Form 4: Momentus Director Linda Reiners Reports Acquisition of Restricted Stock Units

Momentus Inc. Director Linda J. Reiners has reported the acquisition of 16,294 Restricted Stock Units and an increase in her direct beneficial ownership of Class A Common Stock.

Summary

• Linda J. Reiners, a Director of Momentus Inc. (MNTS), acquired 16,294 Restricted Stock Units (RSUs) on June 30, 2025.
• Each RSU represents a contingent right to receive one share of Momentus, Inc. Class A Common Stock.
• The RSUs were acquired at a price of $0, indicating they are likely part of a compensation package.
• These RSUs will vest in full on the earlier of June 30, 2026, or the day before the 2026 Annual Meeting, contingent on Ms. Reiners' continued service on the Board of Directors.
• Following this transaction, Ms. Reiners directly beneficially owns 21,441 shares of Class A Common Stock and 16,294 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The acquisition of Restricted Stock Units by a director is a positive signal of alignment between management and shareholder interests, as the director's compensation is tied to the company's future performance. It is a routine compensation event, not indicative of significant operational or financial changes, hence a moderately positive score.

Positives

• The acquisition of 16,294 Restricted Stock Units by a director aligns her interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The vesting schedule for the RSUs indicates a future commitment from the director through at least June 30, 2026, or the 2026 Annual Meeting.

Industry Context

This is a standard insider transaction filing (Form 4) for a director receiving equity compensation, common across publicly traded companies in various industries, including the space and satellite industry where Momentus operates. It reflects typical corporate governance practices regarding director remuneration.

Comparison to Industry Standards

• Granting Restricted Stock Units (RSUs) as part of director compensation is a common practice across publicly traded companies, aligning director incentives with shareholder value.
• The vesting period, contingent on continued service, is standard for such equity awards, similar to practices at companies like Lockheed Martin or Boeing, which also use equity grants for executives and directors.
• The $0 price for RSUs is typical as they are grants, not purchases.

Related Party Transactions

• The acquisition of Restricted Stock Units by a director can be considered a related party transaction as it involves compensation from the company to a member of its board. However, it is a standard and disclosed form of compensation.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• The Restricted Stock Units are expected to vest on the earlier of June 30, 2026, or the day before the 2026 Annual Meeting, subject to continued service.

Key Dates

Keywords

Momentus Inc., MNTS, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Linda J. Reiners