Form 4: Momentus Inc. Director Chris Hadfield Reports Changes in Beneficial Ownership

Director Chris Hadfield reports changes in beneficial ownership of Momentus Inc. stock following the vesting of restricted stock units.

Summary

• On November 1, 2024, Director Chris Hadfield reported changes in beneficial ownership of Momentus Inc. stock.
• The changes involve the vesting of 222 Restricted Stock Units (RSUs) that convert into Class A Common Stock.
• The RSUs vested fully on May 29, 2024, contingent upon Hadfield's continued service as a board member.
• The reported transaction reflects a 1-for-50 reverse stock split that occurred on August 23, 2023.
• Following the transaction, Hadfield directly owns 1,023 shares of Class A Common Stock and 0 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The vesting of RSUs is generally neutral, reflecting compensation rather than a significant shift in company outlook.

Positives

• The vesting of RSUs indicates continued service and commitment by a board member.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Key Dates

Keywords

beneficial ownership, Momentus Inc., Chris Hadfield, Form 4, RSU, stock, MNTS, director