# EDGAR Filing Document

**Accession Number:** 0001891027
**File Stem:** 0002059554-26-000006
**Filing Date:** 2026-2
**Character Count:** 10789
**Document Hash:** 3498618cc8091e257d8b8a8c56f4f1d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002059554-26-000006.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0002059554-26-000006

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MNTN, Inc.
- **CENTRAL INDEX KEY:** 0001891027
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING [7310]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95069
- **FILM NUMBER:** 26645143

**BUSINESS ADDRESS:**
- **STREET 1:** 823 CONGRESS AVENUE
- **STREET 2:** #1827
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78768
- **BUSINESS PHONE:** (310) 895-2110

**MAIL ADDRESS:**
- **STREET 1:** 823 CONGRESS AVENUE
- **STREET 2:** #1827
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78768

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MNTN Digital, Inc.
- **DATE OF NAME CHANGE:** 20211028
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Douglas Mark Steven
- **CENTRAL INDEX KEY:** 0002059554

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**MAIL ADDRESS:**
- **STREET 1:** C/O MNTN, INC.
- **STREET 2:** 823 CONGRESS AVENUE, #1827
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78768

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** MNTN, Inc.

**Title of Class of Securities:** Class A Common Stock, par value $0.0001 per share

**CUSIP Number:** 55318A108

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

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

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Mark Douglas | Names of Reporting Persons<br>Mark Douglas |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>9586506.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>9586506.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9586506.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9586506.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>17.8% | Percent of Class Represented by Amount in Row (9)<br>17.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

| 1. | Names of Reporting Persons<br>Hot Springs Capital I LLC | Names of Reporting Persons<br>Hot Springs Capital I LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>9006581.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>9006581.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9006581.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9006581.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>16.9% | Percent of Class Represented by Amount in Row (9)<br>16.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Limited Liability Company

---

**Item 1(a). Name of Issuer:**
MNTN, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
823 CONGRESS AVENUE, #1827, AUSTIN, Texas, 78768

**Item 2(a). Name of Person Filing:**
Mark Douglas
Hot Springs Capital I LLC

**Item 2(b). Address of Principal Business Office:**
The principal business address for Mr. Douglas is c/o MNTN, Inc., 823 Congress Avenue, #1827, Austin, TX 78768. The principal business address for Hot Springs Capital I LLC is c/o Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808.

**Item 2(c). Citizenship:**
Mr. Douglas is a citizen of the United States. Hot Springs Capital I LLC is organized under the laws of the State of Delaware.

**Item 2(d). Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
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 the date hereof, based upon 44,231,894 shares of Class A Common Stock outstanding as of October 31, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025. The ownership information also assumes the 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, and exercise of stock options disclosed below into shares of Class A Common Stock of the Issuer on a one-to-one basis.
Hot Springs Capital I LLC may be deemed to beneficially own 9,006,581 shares of Class A Common Stock, which consists of (i) 4,414,342 shares of Class A Common Stock underlying shares of Class B Common Stock held directly and (ii) 4,592,239 shares of Class A Common Stock underlying shares of Class B Common Stock subject to stock options held directly that are fully vested.
Mark Douglas may be deemed to beneficially own 9,586,506 shares of Class A Common Stock, which consists of (i) 131,925 shares of Class A Common Stock underlying shares of Class B Common Stock subject to stock options held directly that are fully vested; (ii) 448,000 shares of Class A Common Stock underlying shares of Class B Common Stock held by a trust for which Mr. Douglas is the trustee; and (iii) 9,006,581 shares of Class A Common Stock beneficially held by Hot Springs Capital I LLC, as described above, for which Mr. Douglas is trustee of its sole member. Mr. Douglas controls all voting and investment decisions for shares held by Hot Springs Capital I LLC.

**(b) Percent of class:**

Mark Douglas: 17.8%
Hot Springs Capital I LLC: 16.9%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Mark Douglas: 9,586,506
Hot Springs Capital I LLC: 9,006,581

**(ii) Shared power to vote or to direct the vote:**

Mark Douglas: 0
Hot Springs Capital I LLC: 0

**(iii) Sole power to dispose or to direct the disposition of:**

Mark Douglas: 9,586,506
Hot Springs Capital I LLC: 9,006,581

**(iv) Shared power to dispose or to direct the disposition of:**

Mark Douglas: 0
Hot Springs Capital I LLC: 0

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

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. Certification:**

—

### 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.

**Mark Douglas**

**Date:** 02/17/2026

**By:** /s/ Mark Douglas

**Name & Title:** Mark Douglas

**Hot Springs Capital I LLC**

**Date:** 02/17/2026

**By:** By: Bear Capital I, its sole member, By: /s/ Mark Douglas

**Name & Title:** Mark Douglas, Trustee