Form 4: CEO Hogue's Mobile Infrastructure Stock Transactions

Mobile Infrastructure Corp's President & CEO, Stephanie Hogue, reported the conversion of restricted stock units into common stock and subsequent tax-related disposition.

Summary

• Stephanie Hogue, President & CEO and Director of Mobile Infrastructure Corp (BEEP), reported equity transactions on January 10, 2026.
• Hogue acquired 78,125 shares of Common Stock through the conversion of Restricted Stock Units (RSUs).
• Concurrently, 25,561 shares of Common Stock were disposed of at $2.83 per share, likely to cover tax obligations associated with the RSU vesting.
• Following these transactions, Hogue's direct beneficial ownership stands at 218,475 shares, which includes 101,798 shares of common stock and 116,677 unvested RSUs.
• Indirect beneficial ownership includes 42,631 shares via Bombe Asset Management, LLC, 299,728 shares via Bombe-MIC Pref, LLC, and 548 shares held across three UGMA accounts for a child.
• The reported RSU vesting is part of a larger grant of 234,375 units made on January 10, 2024, scheduled to vest in three equal annual installments.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to equity compensation, which are neither inherently positive nor negative for the company's operational outlook.

Positives

• The vesting of 78,125 Restricted Stock Units demonstrates the continued execution of the company's long-term incentive plan for its President & CEO.
• Stephanie Hogue maintains significant direct and indirect beneficial ownership in Mobile Infrastructure Corp, aligning her interests with those of shareholders.

Negatives

• A disposition of 25,561 shares of common stock occurred, reducing direct share count, although this is a common practice for tax withholding upon RSU vesting.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Stephanie Hogue holds indirect beneficial ownership of 42,631 shares through Bombe Asset Management, LLC, where she is an owner and president.
• She also holds indirect beneficial ownership of 299,728 shares through Bombe-MIC Pref, LLC, where she is a member and manager.
• Hogue disclaims beneficial ownership of these securities except to the extent of her pecuniary interest.

Stakeholder Impact

• Shareholders: The transactions demonstrate the CEO's continued equity interest and alignment with shareholder value through long-term incentive plans.
• Employees: Reflects standard equity compensation practices for executive leadership.

Next Steps

• The remaining unvested Restricted Stock Units from the January 10, 2024 grant are expected to vest in two more equal annual installments, with the next vesting occurring on January 10, 2027.

Key Dates

Recommendation

This Form 4 reports routine insider transactions related to the vesting of restricted stock units and subsequent tax-related share disposition. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The CEO's continued significant equity holdings align her interests with shareholders.

Keywords

Mobile Infrastructure Corp, BEEP, Stephanie Hogue, Form 4, Insider Trading, Restricted Stock Units, Equity Compensation, CEO Stock Transactions