HSCP Strategic III L.P. - Aug 25, 2021 Form 3 Insider Report for Parking REIT, Inc. (--)

Role
Director, 10%+ Owner
Signature
/s/ F. Mark Reuter, Attorney in Fact for HSCP Strategic III L.P.
Stock symbol
--
Transactions as of
Aug 25, 2021
Transactions value $
$0
Form type
3
Date filed
8/27/2021, 12:41 PM
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding -- Common Stock 1.72M Aug 25, 2021 Color Up, LLC F1

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
holding -- Warrants (Right to Buy) Aug 25, 2021 Common Stock 1.7M $11.75 Color Up, LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the January 8, 2021 Equity Purchase and Contribution Agreement ("EPCA") among The Parking REIT, Inc. ("TPR"), Color Up, LLC ("Color Up"), Michael V. Shustek and his affiliates (collectively, "Advisor"), and the other parties thereto, Color Up acquired 1,549,324 shares of TPR common stock ("TPR Shares") from the Advisor, 175,000 TPR Shares from a litigation settlement trust and warrants to purchase 1,702,128 TPR Shares. The Warrants are exercisable after a "Liquidity Event" as defined in the Warrant Agreement. Under the EPCA, Color Up also has the right to acquire at $11.75 per share up to 900,506 TPR Shares from TPR in the event Color Up does not acquire 900,506 TPR Shares in a tender offer it expects to commence after the date of this report. Osher is a director of Color Up, LLC. Reference is made to the Reporting Person's Schedule 13D.

Remarks:

Power of Attorney attached as Exhibit 24.1