MNTN, Inc. SEC Filings

MNTN, Inc. reported an insider transaction on a Form 4. On 11/06/2025, Baroda Ventures LLC and David C. Bohnett reported the conversion (Code C) of 6,711,098 shares of Class B Common Stock into 6,711,098 shares of Class A Common Stock on a one-for-one basis.

Following the transaction, 6,711,098 Class A shares were beneficially owned indirectly, as noted by “See footnote (2).” The filing states each Class B share is convertible at any time into one Class A share and will convert automatically upon most transfers. Footnote (2) notes the securities are held of record by Baroda Ventures LLC; Mr. Bohnett, as manager and sole member, may be deemed to share beneficial ownership. The relationship box indicates Director status, and the form was filed by more than one reporting person.

MNTN, Inc. reported Q3 2025 growth and a stronger balance sheet. Revenue was $70,023 with gross profit of $55,234, producing operating income of $7,530 and net income of $6,436. For the nine months, revenue reached $202,995 with a net loss of $(40,903), reflecting non-operating items tied to financing activities earlier in the year.

Liquidity improved following the IPO. Cash and cash equivalents were $179,172 at September 30, 2025, total liabilities were $69,142, and stockholders’ equity was $266,733. The company completed its IPO, receiving net proceeds of $114.8 million, converted 41,994,022 preferred shares to common, and fully settled convertible notes through equity issuances and a $24.0 million cash repayment. During Q3, 534,196 shares were issued via cashless warrant exercise.

Operationally, cost discipline lifted gross margin, while reinvestment continued in technology and sales. The undrawn revolving credit facility provided up to $47.3 million of availability as of quarter end.

Wellington-affiliated entities disclose beneficial ownership of 5,163,916 shares of MNTN, Inc., representing 11.8% of the company's outstanding common stock. The filing shows the stake is held for clients of Wellington investment advisers and reflects shared voting power of 4,085,699 shares and shared dispositive power of 5,163,916 shares across reporting entities. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of MNTN. The cover pages break out ownership by four related Wellington entities with consistent aggregate amounts reported.

Peak Investment Holdings, LLC reports beneficial ownership of 3,077,442 shares of MNTN, Inc. Class A common stock, representing 7.1% of the outstanding Class A shares. The filing states these shares confer sole voting and sole dispositive power over all 3,077,442 shares. The percentage is calculated using 43,620,578 Class A shares outstanding as reported by the issuer. The filing provides Peak Investment Holdings' Delaware organization address and the issuer's principal executive office address in Austin, Texas. The form is a Schedule 13G disclosure of ownership and contains standard certification language attesting to accuracy.

MNTN, Inc. Schedule 13G reports that four Greycroft entities collectively beneficially owned 4,607,957 shares of Class A common stock as of June 30, 2025, representing 9.99% of Class A stock outstanding when including 2,546,314 Class B shares convertible into Class A. The filing discloses 5,044,866 Class B shares held by Greycroft Partners II, L.P. and 2,061,643 Class A plus 130,631 Class B shares held by Greycroft Growth III, L.P. Voting and dispositive power over reported shares is shared; sole voting and dispositive power are reported as zero for the listed reporting persons. The reporting persons disclaim being a "group" and note a conversion restriction that limits conversions to avoid exceeding 9.99% ownership.

Mercato Partners and affiliate individuals report meaningful ownership in MNTN, Inc. Collectively the Reporting Persons disclose beneficial ownership of 6,168,022 shares of MNTN Class A common stock, representing 12.8% of the 48,269,318 shares outstanding referenced in the filing as of June 30, 2025. The largest record holder among the group is Mercato Partners Growth III, L.P., which directly holds 5,761,058 shares (11.9%). Additional holdings include Mercato Partners Growth AI III, L.P. (170,776 shares, 0.4%), Mercato Partners Traverse IIIe, L.P. (25,000 shares, 0.1%) and Fund 00103 (a series of Mercato Traverse MNTN Series D Coinvest, LLC) (211,188 shares, 0.4%).

The filing shows no sole voting or dispositive power reported for any Reporting Person (sole power = 0) and lists shared voting and dispositive power equal to the aggregate amounts reported. Mercato Partners Growth III GP is identified as general partner/manager of the listed funds and Greg Warnock as manager of MPG III GP; the filing states they may be deemed to share beneficial ownership of the securities held of record by the affiliated entities.

MNTN, Inc. disclosure: This Schedule 13G reports that MGD Holdings beneficially owns 4,154,041 shares of MNTN Class A common stock, equal to 8.0% of the Class A shares outstanding based on 48,269,318 shares. The position comprises 281,250 directly held Class A shares and 3,872,791 Class A-equivalent shares underlying Class B common stock convertible one-for-one.

Voting and dispositive authority for these shares is not held solely: the filing reports 0 shares with sole voting or dispositive power and 4,154,041 shares with shared voting and dispositive power. MGD Holdings is organized in the Cayman Islands and CCT Services 1 Limited (Jersey) is identified as sole director of MGD Holdings and may be deemed to share beneficial ownership.

Report overview: This Schedule 13G discloses that Baroda Ventures LLC and David C. Bohnett collectively beneficially own 6,711,098 shares of MNTN, Inc. Class A common stock, representing 12.2% of the Class A shares. The ownership calculation is based on 48,269,318 shares of Class A common stock outstanding as of June 30, 2025 and assumes conversion of Class B shares to Class A on a one-for-one basis.

Governance and control: Baroda Ventures holds the shares underlying Class B stock directly and Mr. Bohnett is the manager and sole member of Baroda Ventures, resulting in shared voting power and shared dispositive power of 6,711,098 shares and zero shares reported as sole voting or sole dispositive power. The filing identifies Delaware organization for Baroda Ventures and a U.S. citizenship for Mr. Bohnett, and gives principal business addresses for the reporting persons and issuer.