Jeffrey Osher - 08 Nov 2021 Form 4 Insider Report for Parking REIT, Inc.

Signature
/s/ F. Mark Reuter, Attorney in Fact for Jeffrey Osher
Issuer symbol
N/A
Transactions as of
08 Nov 2021
Net transactions value
+$10,580,946
Form type
4
Filing time
09 Nov 2021, 15:03:29 UTC
Previous filing
27 Aug 2021
Next filing
26 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Purchase $10,317,464 +878,082 +51% $11.75* 2,602,407 08 Nov 2021 Color Up, LLC F1
transaction Common Stock Purchase $263,482 +22,424 +0.86% $11.75* 2,624,831 08 Nov 2021 Color Up, LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 5, 2021, Color Up, LLC (the "Purchaser") commenced a tender offer ("Offer") to purchase up to 900,506 of the outstanding shares of common stock (the "Shares") of the Issuer at a purchase price of $11.75 per Share subject to the conditions set forth in the Offer to Purchase, dated October 5, 2021. The Offer and withdrawal rights expired as of 5:00 p.m. Eastern Time on November 5, 2021. 878,082 Shares were validly tendered (the "Tendered Shares"), and the Purchaser accepted for purchase all such Tendered Shares and is making payment of an aggregate of $10,317,467 to the Company stockholders participating in the Offer. Effective November 8, 2021, Purchaser also executed a subscription agreement with the Company pursuant to which Purchaser acquired the remaining 22,424 Shares pursuant to the Company Backstop (as defined in the Offer to Purchase) for an aggregate payment of $263,482. Reference is made to the Reporting Person's Schedule 13D, including all amendments thereto.