Baroda Ventures and David C. Bohnett Disclose 12.2% Stake in MNTN
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insights
TL;DR: A >5% disclosed stake gives the reporting persons material influence; the filing clarifies voting and disposition structure.
The Schedule 13G shows a meaningful 12.2% economic interest in MNTN via 6,711,098 shares based on the issuer's stated 48,269,318 Class A shares outstanding. The disclosure that all reported power is shared (and that sole voting and dispositive power are 0) is important: it signals the reporting persons are not claiming unilateral control. For investors, the filing provides clear ownership magnitude and the legal basis of beneficial ownership through Baroda Ventures.
TL;DR: Ownership routing through an LLC with shared powers suggests influence but not direct, sole control—disclosure improves governance transparency.
The filing identifies Baroda Ventures LLC as the direct holder and David C. Bohnett as manager and sole member, explaining the shared beneficial ownership attribution. The statement explicitly assumes Class B conversion to Class A on a one-for-one basis for the ownership percentage, which is a material structural disclosure. While the stake is sizable at 12.2%, the absence of sole voting or dispositive power in the filing indicates governance influence may be collaborative or constrained by other holders or class structures.
FAQ
How many MNTN (MNTN) Class A shares does Baroda Ventures LLC own?
What percentage of MNTN's Class A stock does the disclosed stake represent?
Does David C. Bohnett have sole voting or dispositive power over the shares?
What basis was used to calculate the ownership percentage?
Where are the reporting persons organized or located?