HSCP Strategic III L.P. - Dec 31, 2023 Form 4 Insider Report for Mobile Infrastructure Corp (BEEP)

Role
Other*, 10%+ Owner
Signature
/s/ Allison A. Westfall Attorney-in-Fact for HSCP Strategic III L.P.
Stock symbol
BEEP
Transactions as of
Dec 31, 2023
Transactions value $
$21,999,999
Form type
4
Date filed
1/2/2024, 04:29 PM
Previous filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEEP Common Stock Conversion of derivative security $22M +5.99M $3.67 5.99M Dec 31, 2023 Direct
holding BEEP Common Stock 3.94M Dec 31, 2023 By Color Up, LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BEEP Series 2 Convertible Preferred Stock Conversion of derivative security $0 -22K -100% $0.00* 0 Dec 31, 2023 Common Stock 5.99M $3.67 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Series 2 Convertible Preferred Stock ("Series 2 Preferred Stock") do not have an expiration date.
F2 Includes 544,959 shares of the Issuer's common stock issuable upon conversion of 2,000 shares of Series 2 Preferred Stock issued as payment-in-kind dividends on December 31, 2023 (the "Dividends"). As holders of Series 2 Preferred Stock had no choice to receive the Dividends in cash rather than in shares of Series 2 Preferred Stock, the receipt of shares of Series 2 Preferred Stock issued as the Dividends (and immediately thereafter converted into the Issuer's common stock) has not separately been reported in reliance on Rule 16a-9(a) of the Securities Exchange Act of 1934, as amended.
F3 These securities are owned by Color Up, LLC ("Color Up"). The Reporting Person is a member of Color Up and may be deemed to be a beneficial owner of such securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.

Remarks:

Jeffrey Osher is the managing member of No Street Capital LLC, the managing member of Harvest Small Cap Partners GP, LLC, the general partner of the Reporting Person. The Reporting Person may be deemed to be a director-by-deputization for purposes of Section 16 by virtue of the fact that Mr. Osher serves on the board of directors of the Issuer.