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.