Form 4: Mobile Infrastructure Corp CEO Acquires Additional Shares Under 10b5-1 Trading Plan

Manuel Chavez III, CEO of Mobile Infrastructure Corp, purchased 473 shares of common stock at an average price of $3.50 under a pre-arranged trading plan.

Summary

• On May 9, 2024, Manuel Chavez III, CEO of Mobile Infrastructure Corp, acquired 473 shares of common stock.
• The purchase was executed under a Rule 10b5-1 trading plan adopted on December 15, 2023.
• The shares were bought at a weighted average price of $3.50, with individual transactions ranging from $3.49 to $3.50.
• Following the transaction, Chavez directly owns 116,888 shares.
• Chavez also indirectly owns 1,798,364 shares through Bombe-MIC Pref, LLC and 3,937,246 shares through Color Up, LLC.
• Chavez disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase indicates confidence, but it's a small transaction executed under a pre-existing plan.

Positives

• The purchase demonstrates the CEO's continued investment in the company.
• The use of a pre-arranged 10b5-1 trading plan suggests a disciplined and transparent approach to stock transactions.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's prospects. Purchases, especially by key executives, are often seen as a positive signal.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates