Manuel Chavez III - 28 Feb 2023 Form 4 Insider Report for Mobile Infrastructure Corp

Role: CEO, Director, 10%+ Owner
Signature: /s/ Allison A. Westfall as Attorney-in-Fact for Manuel Chavez III
Issuer symbol: N/A
Transactions as of: 28 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2023, 13:12:41 UTC
Previous filing: 25 Aug 2022
Next filing: 25 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding		Common Stock						2,624,831	28 Feb 2023	By 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
transaction		LTIP Units	Award	$0	+67,751		$0.000000	67,751	28 Feb 2023	Common Stock	67,751		Direct	F2, F3
transaction		LTIP Units	Award	$0	+13,550		$0.000000	13,550	28 Feb 2023	Common Stock	13,550		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 in connection with the payment of annual executive compensation for the Reporting Person's annual bonus and equity award, pursuant to an LTIP Unit Agreement. 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 three equal installments vesting on each of the next three anniversaries of the grant date, subject to the terms and provisions of the LTIP Unit Agreement.
F4	These LTIP Units are fully vested.