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

Manuel Chavez III, CEO of Mobile Infrastructure Corp, purchased 5,442 shares of common stock at an average price of $3.44 on April 22, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 22, 2024, Manuel Chavez III, the CEO of Mobile Infrastructure Corp, acquired 5,442 shares of the company's common stock.
• The purchase was executed at a weighted average price of $3.44 per share, with individual transactions ranging from $3.30 to $3.50.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Chavez on December 15, 2023.
• Following the transaction, Chavez directly owns 111,682 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 is a positive sign, but it's part of a pre-arranged plan, so it's not necessarily a strong signal.

Positives

• The CEO's purchase of shares could be interpreted as a sign of confidence in the company's future prospects.

Management Comments

• 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

Insider transactions are closely watched by investors as they can provide insights into management's view of the company's prospects. Purchases are generally seen as positive signals.

Stakeholder Impact

• The CEO's stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates