MNTN MNTN, Inc. Insider Trading

Director Partovi Hadi fully exits MNTN position with 3 separate sales of 447,520 shares totaling $6,005,774.66

Partovi Hadi, a director, completed a full liquidation of his MNTN holdings across three separate transactions on December 1–3, 2025, selling 447,520 shares (447.5K shares) at a blended average price of $13.42 for $6,005,774.66. This represents a complete exit from a substantial equity position. The stock is now 56.5% below its 52-week high of $31.47, having declined 33.3% over the past 90 days and 11.7% over the past 30 days. Across his entire cross-ticker history, Hadi's six prior buys averaged a 90-day return of -1.6% with an 83.33% win rate, indicating modest historical success; however, this data point provides limited insight into the motivation behind a complete director-level exit at current depressed price levels relative to the stock's year-to-date range.

Director Dana R sells 800.0K shares at $16.00 for $12.8M; conversion transaction—derivative position remains.

Dana R, a director at MNTN, sold 800,000 shares at $16.00 on 2025-05-23 for a total value of $12,800,000.00. This is a derivative-conversion transaction, meaning the Form 4 Table I shares (now at zero post-transaction) represent only a portion of the director's economic position; Table II derivatives have not yet populated in the database but constitute the director's actual ongoing stake. The sale occurred at $16.00 while the current market price stands at $25.90, indicating the shares have appreciated significantly since the transaction date. The 30-day and 90-day returns of +135.4% show MNTN has experienced substantial recent gains; this conversion sale should not be characterized as a full exit or loss-of-confidence signal, as the director retains derivative holdings that tie economic interest to the company's performance going forward.

Mercato Partners Growth III GP, LLC sells 300,000 MNTN shares at $16.00 for $4.8M; retains 6.17M shares post-transaction

Mercato Partners Growth III GP, LLC, a 10% owner, executed a sale of 300,000 shares at $16.00 on 2025-05-23, reducing its stake by -4.6% to 6,168,022 shares. The sale occurred at a significant discount to the current price of $25.90 and well below the 52-week high of $27.71, suggesting the transaction was executed at an unfavorable point in the recent rally. The stock has appreciated +135.4% over both the 30-day and 90-day periods, yet the insider chose to sell during this strong uptrend rather than after the gains materialized. This sale represents a partial reduction of a substantial equity position rather than a full exit, and the insider retains a material 6.17M share stake.

10% Owner QUALCOMM sold 412,500 MNTN shares at $16.00; complete exit (−100.0%)

QUALCOMM, a 10% owner of MNTN, completed a full exit by selling 412,500 shares at $16.00 on 2025-05-23, reducing holdings from 412,500 shares to 0 shares. This represents an elimination of the entire position rather than a partial trimming. The sale occurred at $16.00 while the current price stands at $25.90, and the stock has appreciated 135.4% over the trailing 90 days—meaning the insider sold substantially below the current market level and ahead of a significant upward move. The complete liquidation by a major shareholder signals a fundamental shift in the ownership structure and may warrant investor examination of what prompted the full exit at a lower price point relative to the subsequent appreciation.

CFO Pohlen Patrick sold 255,232 shares of MNTN at $16.00 for $4,083,712.00 on 2025-05-23

Chief Financial Officer Patrick Pohlen executed a substantial sale of 255,232 shares, reducing his position by 16.2% from 1,574,721 to 1,319,489 shares, and generating $4,083,712.00 in proceeds. The sale occurred at $16.00 per share, notably below the current market price of $25.90 and well below the 52-week high of $27.71, positioning this trade in the lower-to-middle portion of the 52-week range. The stock has appreciated 135.4% over the past 30 days and 90 days, suggesting sustained upward momentum that post-dates this transaction. With substantial remaining holdings of 1,319,489 shares post-sale, Pohlen retains material equity exposure to MNTN despite the material reduction in position size.

Baroda Ventures LLC (10% owner) sold 532,130 shares of MNTN at $16.00, liquidating 100% stake for $8,514,080.

Baroda Ventures LLC, a 10% shareholder, completely exited its MNTN position by selling 532,130 shares at $16.00 on 2025-05-23. The stock now trades at $25.90 (current price), 62% above the sale price, suggesting the insider divested well before a significant run-up. This full liquidation is material both in absolute size ($8,514,080) and in ownership removal—the 10% stake is no longer held. The contrast between the $16.00 transaction price and the 52-week high of $27.71 is notable; the stock had substantial upside potential that remained unrealized by the seller.

CEO Douglas Mark Steven sold 900,000 shares of MNTN at $16.00 for $14.4M; stock now trading at $25.90 (+135.4% in 90 days).

On 2025-05-23, Chief Executive Officer Douglas Mark Steven sold 900,000 shares at $16.00, a price approximately 38% below the current market level of $25.90. The stock has surged 135.4% over the 90-day period, meaning the CEO's sale occurred well ahead of substantial subsequent appreciation. This filing documents a conversion of derivative securities—the insider's actual position includes holdings in Form 4 Table II (derivative securities) that are not yet populated in this database, so this sale should be understood as a conversion trade, not a complete position exit. The gap between transaction price ($16.00) and current price ($25.90), combined with the stock's significant recent momentum (+135.4% in 90 days), underscores the material opportunity cost of this sale timing relative to the stock's post-sale performance.

MNTN COO Innes Christopher Lee sold 176,933 shares at $16.00 on 2025-05-23, reducing stake by -37.2%

Innes Christopher Lee, Chief Operating Officer of MNTN, Inc., executed a substantial sale of 176,933 shares at $16.00, reducing his post-transaction holdings to 299,333 shares from 476,266 shares. This -37.2% reduction represents a meaningful material stake reduction by a senior executive. The sale occurred at $16.00 per share, which sits notably below the current price of $25.55 and represents a significant discount to the 52-week high of $27.71; the stock has appreciated 59.7% since the transaction date. The absence of FLAGS indicating a pre-arranged 10b5-1 trading plan means this appears to be a discretionary transaction choice by the COO.