Form 4: Mobile Infrastructure CEO Manuel Chavez III Reports Significant Share Acquisition Through Internal Distribution

Mobile Infrastructure Corp's CEO and Director, Manuel Chavez III, reported a substantial increase in his direct beneficial ownership of common stock through a distribution from Bombe-MIC Pref, LLC for no consideration.

Summary

• Manuel Chavez III, CEO and Director of Mobile Infrastructure Corp (BEEP), reported changes in his beneficial ownership of the company's common stock.
• On June 17, 2025, Mr. Chavez directly acquired 1,498,636 shares of common stock for no consideration.
• These shares were distributed to members by Bombe-MIC Pref, LLC ('Bombe Pref'), an entity where Mr. Chavez is a member and manager.
• Following this transaction, Mr. Chavez directly beneficially owns 1,498,636 shares.
• Additionally, 299,728 shares remain indirectly owned by Bombe-MIC Pref, LLC, for which Mr. Chavez may be deemed a beneficial owner due to his role as a member and manager.
• Mr. Chavez disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The CEO received a significant number of shares for no consideration, increasing his direct ownership. While this is a distribution from a related entity rather than a direct purchase, it generally indicates increased insider alignment, which can be viewed as a neutral to slightly positive signal for investors.

Positives

• The CEO, Manuel Chavez III, directly acquired 1,498,636 shares of common stock for no consideration, increasing his direct ownership stake in Mobile Infrastructure Corp.
• This transaction may signal increased alignment of the CEO's interests with those of the company's shareholders due to a larger direct equity holding.

Future Outlook

NA

Management Comments

• "The Reporting Person disclaimed beneficial ownership of the securities distributed in the Bombe Pref Distribution except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person was the beneficial owner of such securities for Section 16 or any other purpose."
• "The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose."

Industry Context

This Form 4 filing details an insider transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry context or trends.

Related Party Transactions

• The distribution of 1,498,636 shares from Bombe-MIC Pref, LLC to its members, including CEO Manuel Chavez III, for no consideration, constitutes a related party transaction given Mr. Chavez's role as a member and manager of Bombe Pref.

Stakeholder Impact

• Shareholders: May view the increased direct ownership by the CEO as a positive sign of management's commitment and alignment with shareholder interests.
• Manuel Chavez III: Directly increases his personal equity stake in Mobile Infrastructure Corp.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Insider Transaction, Mobile Infrastructure Corp, BEEP, Manuel Chavez III, Stock Distribution, CEO, Director