Schedule 13G: Rincon and Bonfire Affiliates Hold 6.8% of MNTN

Rhea-AI Filing Summary

MNTN, Inc. Schedule 13G reports beneficial ownership of Class A common stock based on 48,269,318 shares outstanding as of June 30, 2025. The filing shows that James Michael Andelman and affiliated Rincon and Bonfire entities hold material positions in the company, with Mr. Andelman reported as beneficial owner of 3,483,927 shares (6.8%) of Class A stock.

Key holdings disclosed include Rincon Venture Partners/RVP (1,277,231 shares, 2.6%), Rincon Venture Partners II/RVP II (1,647,565 shares, 3.3%), Rincon Venture Partners II QP (318,244 shares, 0.7%) and Bonfire Ventures Select II/BVS II (240,887 shares, 0.5%). The filing states no sole voting or sole dispositive power for the reported positions; voting and investment decisions for RVP, RVP II and RVP II QP are made by Mr. Andelman as managing member of the relevant general partner entities, while BSA LLC is manager of BVS II and its managers disclaim beneficial ownership.

Positive

• James Michael Andelman and affiliates report a combined 3,483,927 shares (6.8%) of MNTN Class A common stock
• Ownership figures are presented against 48,269,318 outstanding Class A shares, providing a clear basis for the percentage calculations

Negative

• No sole voting or sole dispositive power is reported (0 sole power) for the disclosed positions; all listed powers are shared
• Holdings are held through multiple related entities and managers, which creates a complex ownership structure that may obscure direct control pathways

Insights

Financial Analyst

TL;DR: Affiliated funds and Jim Andelman disclose a combined 6.8% stake (3.48M shares), a material ownership position in MNTN.

The filing quantifies meaningful affiliated ownership using the issuer's 48,269,318 share base. A >5% reported stake by a single individual and related entities can be material to equity holders because it represents a concentrated, aligned economic interest. The Schedule shows shared voting and dispositive power across multiple pooled vehicles rather than sole control, and identifies the amounts held by each entity to allow investors to gauge concentration and potential influence.

Corporate Governance Expert

TL;DR: Ownership is held through a network of related entities with shared voting/dispositive power; governance influence flows through managing members.

The filing documents the legal relationships: RVP LLC is general partner of RVP, RVP II LLC is general partner of RVP II and RVP II QP, and Mr. Andelman is sole managing member for those general partners, giving him authority to make voting and investment decisions for those pooled vehicles. BSA LLC manages BVS II and lists three managers who disclaim beneficial ownership. The Schedule reports 0 sole voting and 0 sole dispositive power for the covered positions, indicating decisions are reported as shared among the reporting persons and managers.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MNTN, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

55318A108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Rincon Venture Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,277,231.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,277,231.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,277,231.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Rincon Venture Partners, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,277,231.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,277,231.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,277,231.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Rincon Venture Associates II, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,965,809.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,965,809.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,965,809.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.9 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Rincon Venture Partners II, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,647,565.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,647,565.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,647,565.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.3 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Rincon Venture Partners II QP, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 318,244.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 318,244.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

318,244.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.7 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Bonfire Select Associates II, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 240,887.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 240,887.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

240,887.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.5 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

Bonfire Ventures Select II, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 240,887.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 240,887.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

240,887.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.5 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

James Michael Andelman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,483,927.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,483,927.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,483,927.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MNTN, Inc.
(b)	Address of issuer's principal executive offices: 823 Congress Avenue #1827 Austin, TX, 78768
Item 2.
(a)	Name of person filing: Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: Rincon Venture Partners, LLC ("RVP LLC") Rincon Venture Partners, L.P. ("RVP") Rincon Venture Associates II, LLC ("RVP II LLC") Rincon Venture Partners II, L.P. ("RVP II") Rincon Venture Partners II QP, L.P. ("RVP II QP") Bonfire Select Associates II, LLC ("BSA LLC") Bonfire Ventures Select II, L.P. ("BVS II") Jim Andelman
(b)	Address or principal business office or, if none, residence: The principal business address of each of RVP LLC, RVP, RVP II LLC, RVP II and RVP II QP is 2047 Lorinda Way, Santa Barbara, CA 93101. The principal business address of each of BSA LLC, BVS II and Mr. Andelman is 11611 San Vicente Boulevard, #650, Los Angeles, CA 90049.
(c)	Citizenship: Mr. Andelman is a citizen of the United States. Each of the remaining Reporting Persons is organized under the laws of the State of Delaware.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 55318A108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The ownership information presented herein represents beneficial ownership of Class A Common Stock of the Issuer as of June 30, 2025, based upon 48,269,318 shares of Class A Common Stock outstanding as of June 30, 2025, as provided by the Issuer. The ownership information also assumes the respective conversion of the Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer into shares of Class A Common Stock on a one-to-one basis. RVP is the beneficial owner of 1,277,231 shares of Class A Common Stock underlying shares of Class B Common Stock held directly; RVP II is the beneficial owner of 1,647,565 shares of Class A Common Stock underlying shares of Class B Common Stock held directly; RVP II QP is the beneficial owner of 318,244 shares of Class A Common Stock underlying shares of Class B Common Stock held directly; and BVS II is the record holder of 240,887 shares of Class A Common Stock. RVP LLC is the general partner of RVP and RVP II LLC is the general partner of each of RVP II and RVP II QP. Jim Andelman is the sole managing member for each of RVP LLC and RVP II LLC, and as such, voting and investment decisions with respect to the shares held by RVP, RVP II and RVP II QP are made by Mr. Andelman. BSA LLC is the manager of BVS II. Jim Andelman, Mark Mullen and Brett Queener are managers of BSA LLC, and as such, voting and investment decisions with respect to the shares held by BVS II are made by each of Messrs. Andelman, Mullen and Queener, but each disclaim beneficial ownership of such securities.
(b)	Percent of class: See Item 11 of each of the cover pages hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 of each of the cover pages hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 of each of the cover pages hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 of each of the cover pages hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 of each of the cover pages hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Rincon Venture Partners, LLC

Signature:	/s/ Jim Andelman
Name/Title:	Jim Andelman, Managing Member
Date:	08/14/2025

Rincon Venture Partners, L.P.

Signature:	By: Rincon Venture Partners, LLC, its General Partner, /s/ Jim Andelman
Name/Title:	Jim Andelman, Managing Member
Date:	08/14/2025

Rincon Venture Associates II, LLC

Signature:	/s/ Jim Andelman
Name/Title:	Jim Andelman, Managing Member
Date:	08/14/2025

Rincon Venture Partners II, L.P.

Signature:	By: Rincon Venture Associates II, LLC, its General Partner, /s/ Jim Andelman
Name/Title:	Jim Andelman, Managing Member
Date:	08/14/2025

Rincon Venture Partners II QP, L.P.

Signature:	By: Rincon Venture Associates II, LLC, its General Partner, /s/ Jim Andelman
Name/Title:	Jim Andelman, Managing Member
Date:	08/14/2025

Bonfire Select Associates II, LLC

Signature:	/s/ Jim Andelman
Name/Title:	Jim Andelman, Manager
Date:	08/14/2025

Bonfire Ventures Select II, L.P.

Signature:	By: Bonfire Select Associates II, LLC, its General Partner, /s/ Jim Andelman
Name/Title:	Jim Andelman, Manager
Date:	08/14/2025

James Michael Andelman

Signature:	/s/ Jim Andelman
Name/Title:	Jim Andelman
Date:	08/14/2025

FAQ

Who filed the Schedule 13G for MNTN (MNTN)?

The filing was made by Rincon Venture Partners, LLC; Rincon Venture Partners, L.P.; Rincon Venture Associates II, LLC; Rincon Venture Partners II, L.P.; Rincon Venture Partners II QP, L.P.; Bonfire Select Associates II, LLC; Bonfire Ventures Select II, L.P.; and James Michael Andelman.

How many MNTN (MNTN) Class A shares are reported outstanding for the ownership calculation?

The ownership percentages are calculated using 48,269,318 shares of Class A common stock outstanding.

What percentage and number of MNTN (MNTN) shares does James Michael Andelman beneficially own?

James Michael Andelman is reported as beneficial owner of 3,483,927 shares, representing 6.8% of Class A common stock.

Which affiliated entities hold MNTN (MNTN) shares and how many?

Disclosed holdings include: Rincon Venture Partners/RVP 1,277,231 shares (2.6%); Rincon Venture Partners II/RVP II 1,647,565 shares (3.3%); Rincon Venture Partners II QP 318,244 shares (0.7%); Bonfire Ventures Select II/BVS II 240,887 shares (0.5%).

Do any reporting persons have sole voting or dispositive power over the reported MNTN (MNTN) shares?

No. The cover pages show 0 sole voting power and 0 sole dispositive power for the reported positions; powers are reported as shared.