| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BEEP | LTIP Units | Award | $0 | +787K | $0.00 | 787K | Jan 10, 2024 | Common Stock | 787K | Direct | F1, F2, F3 | ||
| transaction | BEEP | LTIP Units | Award | $0 | +64.1K | $0.00 | 64.1K | Jan 12, 2024 | Common Stock | 64.1K | Direct | F1, F3, F5 | ||
| holding | BEEP | LTIP Units | 261K | Jan 10, 2024 | Common Stock | 261K | Direct | F1, F3, F4 |
| Id | Content |
|---|---|
| F1 | Represents units designated as LTIP Units in Mobile Infra Operating Company, LLC (the "Operating Company"), the operating partnership of the Issuer. This grant was awarded in connection with the payment of annual executive compensation for the Reporting Person's base salary and portions of his annual bonus and equity award covering fiscal 2023 and 2024, pursuant to an LTIP Unit Agreement. When vested, each LTIP Unit is converted at the option of the holder into a common unit in the Operating Company. Each common unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. The Issuer may elect, at its option, to pay cash in lieu of issuing shares of common stock for all or any redeemed common units. |
| F2 | Consists of: (i) 210,975 vested LTIP Units, (ii) 411,185 LTIP Units that vest in equal installments on each of the next three anniversaries of the grant date, and (iii) 164,474 LTIP Units were granted to the Reporting Person in lieu of cash base salary for fiscal 2024 (as elected by the Reporting Person), which vest in four equal installments on each of April 10, 2024, July 10, 2024, October 10, 2024 and January 10, 2025, subject to the Reporting Person's continued employment by the Issuer as of each such date. |
| F3 | LTIP Units do not have an expiration date. |
| F4 | Consists of: (i) 20,325 vested LTIP Units, (ii) 101,626 LTIP Units scheduled to vest in three equal installments on each of the next three anniversaries of February 28, 2023, and (iii) 139,149 LTIP Units that will vest on August 25, 2024, subject to continuous employment of the Reporting Person. |
| F5 | These LTIP Units were awarded in connection with the payment of accrued but unpaid base salary and bonus for fiscal year 2021 and are fully vested as of the grant date. |