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.