Jeffrey H. Foster - Nov 23, 2022 Form 4 Insider Report for Broad Street Realty, Inc. (BRST)

Role
Director
Signature
/s/ Andrew P. Campbell as attorney-in-fact for Jeffrey H. Foster
Stock symbol
BRST
Transactions as of
Nov 23, 2022
Transactions value $
$67,620
Form type
4
Date filed
11/28/2022, 05:22 PM
Previous filing
Apr 4, 2022
Next filing
Jan 3, 2023

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 BRST OP Units Award $67.6K +33.8K $2.00 33.8K Nov 23, 2022 Common Stock 33.8K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class A units of limited partnership interest ("OP Units") in Broad Street Operating Partnership, LP (the "Operating Partnership"). Broad Street Realty, Inc. (the "Company") is the sole member of the general partner of the Operating Partnership. Beginning on the 12-month anniversary of the date of issuance, each OP Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, in the Company's sole discretion, one share of the Company's common stock. The OP Units have no expiration date.
F2 Received in exchange for direct or indirect interests in BBL Current Owner, LLC ("BBL Current"), pursuant to the previously disclosed purchase and sale agreement (the "MTR Agreement"), dated December 21, 2021, by and between the Company and BBL Current. Upon the closing of the transactions contemplated by the MTR Agreement, the reporting person received OP Units in exchange for his direct or indirect interests in BBL Current.
F3 Pursuant to the MTR Agreement, the OP Units were valued at $2.00 per unit to determine the number of OP Units issuable to the reporting person.