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

CEO Manuel Chavez III reports purchasing shares of Mobile Infrastructure Corp under a pre-arranged 10b5-1 trading plan.

Summary

• On May 20, 2024, Manuel Chavez III, CEO of Mobile Infrastructure Corp, acquired 9,375 shares of common stock at a weighted average price of $3.49.
• The purchase was executed under a Rule 10b5-1 trading plan adopted on December 15, 2023.
• Following the transaction, Chavez directly owns 127,446 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 shares held by Bombe-MIC Pref, LLC and Color Up, LLC except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction under a pre-arranged trading plan. The CEO's purchase could be seen as a positive signal, but it's not a significant event.

Positives

• The purchase demonstrates the CEO's confidence in the company.
• The use of a 10b5-1 trading plan ensures transparency and avoids accusations of insider trading.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The purchase may have a slightly positive impact on shareholder confidence.

Key Dates