Color Up, LLC 4
4 · Parking REIT, Inc. · Filed Nov 9, 2021
Insider Transaction Report
Form 4
Color Up, LLC
Director10% Owner
Transactions
- Purchase
Common Stock
2021-11-08$11.75/sh+878,082$10,317,464→ 2,602,407 total - Purchase
Common Stock
2021-11-08$11.75/sh+22,424$263,482→ 2,624,831 total
Footnotes (1)
- [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.