| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | -- | Common Stock | 2.62M | Aug 23, 2022 | By LLC | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | -- | LTIP Units | Award | $0 | +102K | $0.00 | 102K | Aug 23, 2022 | Common Stock | 102K | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Owned by a limited liability company in which the Reporting Person is a manager and indirect owner. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. |
| F2 | Represents units of limited partnership interest ("LTIP Units") in Mobile Infrastructure Operating Partnership, L.P. (the "Operating Partnership"), the operating partnership of the Issuer. This grant was awarded pursuant to the Reporting Person's Employment Agreement, dated August 25, 2021 (as amended, the "Employment Agreement"), subject to vesting conditions as noted below. When vested, each LTIP Unit is convertible at the option of the holder into a common unit of limited partnership interest in the Operating Partnership. Each common unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. The Issuer may elect, at its option, to pay cash in lieu of issuing shares of common stock for all or any redeemed OP Units. |
| F3 | These LTIP Units vest in full upon a Liquidity Event (as defined in the Employment Agreement) prior to August 25, 2024, subject to the terms and provisions set forth in the Employment Agreement. |