4//SEC Filing
Chavez Manuel III 4
Accession 0001493152-25-001681
CIK 0001847874other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 4:05 PM ET
Size
7.2 KB
Accession
0001493152-25-001681
Insider Transaction Report
Form 4
Chavez Manuel III
DirectorCEO
Transactions
- Award
LTIP Units
2025-01-08+155,562→ 1,267,410 total→ Common Stock (155,562 underlying)
Footnotes (4)
- [F1]Represents units of limited liability company interest in Mobile Infra Operating Company, LLC, a Delaware limited liability company (the "Operating Company"). Subject to the terms and conditions of the Limited Liability Company Agreement of the Operating Company (the "OC Agreement") and the pertinent LTIP Unit agreement, following the date on which such LTIP Units vest, LTIP Units become convertible into common units of limited liability company interest ("Common Units") in the Operating Company at the option of a holder or the Issuer. LTIP Units do not have an expiration date.
- [F2]Each Common Unit is intended to have an economic interest equivalent to one share of common stock of the Issuer. Subject to the terms and conditions of the OC Agreement, Common Units are redeemable and may be exchanged, without consideration, by the holder of such Common Units for an equivalent number of shares of common stock or for the cash value of such shares, at the discretion of the Issuer.
- [F3]Granted to the Reporting Person in lieu of cash base salary for fiscal 2025 (as elected by the Reporting Person) and will vest in four equal installments on each of April 8, 2025, July 8, 2025, October 8, 2025, and January 8, 2026, subject to the Reporting Person's continued employment by the Issuer as of each such date.
- [F4]Consists of: (i) 769,973 vested LTIP Units, (ii) 67,751 LTIP Units vesting in equal installments on February 28, 2025 and February 28, 2026, (iii) 274,124 LTIP Units vesting in equal installments on January 10, 2025 and January 10, 2026, and (iv) 155,562 LTIP Units vesting in four equal installments on each of April 8, 2025, July 8, 2025, October 8, 2025, and January 8, 2026.
Documents
Issuer
Mobile Infrastructure Corp
CIK 0001847874
Entity typeother
Related Parties
1- filerCIK 0001879349
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 4:05 PM ET
- Size
- 7.2 KB