Form 4: Mobile Infrastructure Corp CEO Manuel Chavez III Acquires and Disposes of Shares
SEC Form 4
CEO Manuel Chavez III reports transactions involving Mobile Infrastructure Corp stock, including purchases and disposals, through direct and indirect ownership.
Summary
- On April 19, 2024, Manuel Chavez III, CEO of Mobile Infrastructure Corp, engaged in transactions involving the company's common stock.
- Chavez purchased 55,116 shares at a weighted average price ranging from $3.215 to $3.45.
- He also disposed of 106,240 shares.
- Following these transactions, Chavez directly owns 106,240 shares.
- Additionally, he indirectly owns 1,798,364 shares through Bombe-MIC Pref, LLC and 3,937,246 shares through Color Up, LLC.
- The purchases were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There's no indication of positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 12/15/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 04/19/2024 | Date of stock purchase and disposal transactions |
| 04/22/2024 | Date of Form 4 filing |
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