Alexander Topchy - Nov 23, 2022 Form 4 Insider Report for Broad Street Realty, Inc. (BRST)

Role: Chief Financial Officer
Signature: /s/ Andrew P. Campbell as attorney-in-fact for Alexander Topchy
Stock symbol: BRST
Transactions as of: Nov 23, 2022
Transactions value $: $34,674
Form type: 4
Date filed: 11/28/2022, 05:30 PM
Previous filing: Apr 4, 2022
Next filing: Dec 5, 2022

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	$34.7K	+17.3K	+35.88%	$2.00	65.7K	Nov 23, 2022	Common Stock	17.3K		Direct	F1, F2, F3
transaction	BRST	OP Units	Award		+14.3K	+21.84%		80K	Nov 23, 2022	Common Stock	14.3K		Direct	F1, F4, F5

* 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.
F4	Received in exchange for membership interests in BSV Lamont Investors LLC ("Lamont"), pursuant to the previously disclosed Agreement and Plan of Merger (the "Lamont Merger Agreement"), dated as of May 28, 2019, as amended on November 27, 2019 and December 27, 2019, by and among Lamont, the Company, the Operating Partnership and a subsidiary. Upon the closing of the transactions contemplated by the Lamont Merger Agreement (the "Lamont Merger"), the membership interests that were then outstanding were converted into the right to receive OP Units.
F5	As of the date immediately prior to the effective time of the Lamont Merger, the last reported sales price of the Company's common stock on the OTCQX was $0.79 per share.