MNTN (NASDAQ: MNTN) discloses 3.37M Class A shares; 5.5% stake reported

Rhea-AI Filing Summary

MNTN, Inc. reports beneficial ownership of 3,366,743 shares of Class A Common Stock, representing 5.5% of the class as of 03/31/2026. The filing states these shares were converted on a one-to-one basis from Class B Common Stock.

The disclosure is an amendment to a Schedule 13G, signed by David Zuckerman on 05/12/2026, and lists sole voting and dispositive power over the reported shares.

Insights

Equity Ownership Analyst

Minority stake disclosed after Class B-to-A conversion

The filing shows a 5.5% beneficial ownership position: 3,366,743 shares of Class A Common Stock as of 03/31/2026. The holder reports sole voting and dispositive power for the full amount.

Conversion was one-to-one from Class B shares; subsequent filings could show further changes in ownership or voting structure.

Corporate Governance Specialist

Conversion may affect class composition and voting register

The amendment records that the reported shares were converted on a one-to-one basis from Class B into Class A, which changes the class balance and the public float. The report attributes voting and disposition authority solely to the reporting person.

Material governance implications depend on other holders and aggregate class voting; related disclosures may appear in company filings.

Key Figures

Shares beneficially owned: 3,366,743 shares Percent of class: 5.5% Conversion ratio: one-to-one

3 metrics

Shares beneficially owned 3,366,743 shares Class A Common Stock as of 03/31/2026

Percent of class 5.5% Percent of Class A Common Stock as of 03/31/2026

Conversion ratio one-to-one Converted from Class B to Class A on a one-to-one basis

Key Terms

Schedule 13G/A, beneficially owned, one-to-one basis

3 terms

Schedule 13G/A regulatory

"Amendment No. 1 ) MNTN, Inc. (Schedule 13G/A amendment)"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned (b) Percent of class"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

one-to-one basis other

"converted on a one-to-one basis from 3,366,743 shares of Class B Common Stock"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

MNTN, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

55318A108

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 55318A108

1

Names of Reporting Persons

QUALCOMM Incorporated

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 3,366,743.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,366,743.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,366,743.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Consists of 3,366,743 shares of Class A Common Stock of MNTN, Inc. (the "Issuer") directly held QUALCOMM Incorporated (the "Reporting Person"), which were converted on a one-to-one basis from 3,366,743 shares of Class B Common Stock.

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: QUALCOMM Incorporated
(b)	Address or principal business office or, if none, residence: 5775 Morehouse Drive San Diego, CA 92121
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 55318A108
Item 4.	Ownership
(a)	Amount beneficially owned:
(b)	Percent of class:
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,366,743
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,366,743
	(iv) Shared power to dispose or to direct the disposition of: 0

Item 10. Certifications:

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.

QUALCOMM Incorporated

Signature:	/s/ David Zuckerman
Name/Title:	David Zuckerman Assistant Secretary
Date:	05/12/2026

FAQ

What stake does MNTN (MNTN) report in this Schedule 13G/A?

The filing reports 3,366,743 shares of Class A Common Stock, representing 5.5% of the class as of 03/31/2026. It lists sole voting and dispositive power over those shares.

Were the Class A shares acquired or converted for MNTN (MNTN)?

The filing states the shares were converted on a one-to-one basis from Class B Common Stock into Class A Common Stock. The change is recorded in this amendment to Schedule 13G.

Who signed the Schedule 13G/A for MNTN (MNTN) and when?

The amendment is signed by David Zuckerman, Assistant Secretary, with the signature date shown as 05/12/2026 in the provided excerpt.

What voting and disposition powers are reported in the filing for MNTN (MNTN)?

The filing reports sole voting power of 3,366,743 shares and sole dispositive power of 3,366,743 shares, with 0 shared voting or dispositive power listed.

As of which date does the Schedule 13G/A report MNTN (MNTN) ownership?

Ownership is reported as of 03/31/2026 according to the filing excerpt, which ties the 3,366,743 share figure to that date.