Manuel Chavez III - Apr 24, 2024 Form 4 Insider Report for Mobile Infrastructure Corp (BEEP)

Signature
/s/ Manuel Chavez, III
Stock symbol
BEEP
Transactions as of
Apr 24, 2024
Transactions value $
$5,342
Form type
4
Date filed
4/25/2024, 07:39 PM
Previous filing
Apr 24, 2024
Next filing
Apr 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEEP Common Stock Purchase $5.34K +1.54K +1.35% $3.48 115K Apr 24, 2024 Direct F1, F2
holding BEEP Common Stock 1.8M Apr 24, 2024 By Bombe-MIC Pref, LLC F3
holding BEEP Common Stock 3.94M Apr 24, 2024 By Color Up, LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported purchases were effected automatically pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.48 to $3.495, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 These securities are owned by Bombe-MIC Pref, LLC ("Bombe"). The Reporting Person is a member and manager of Bombe. Accordingly, the Reporting Person 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 his 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.
F4 These securities are owned by Color Up, LLC ("Color Up"). The Reporting Person is a manager of Color Up and may be deemed to be a beneficial owner of such securities. Additionally, Bombe Asset Management, LLC, a Delaware limited liability company owned and controlled by the Reporting Person, is a member of Color Up. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his 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.