Form 4: Mobile Infrastructure Corp: CEO Manuel Chavez III Reports Distribution of Securities Following Liquidation

CEO Manuel Chavez III reports the distribution of securities as part of a liquidating distribution from Color Up, LLC, to its members.

Summary

• On July 26, 2024, Manuel Chavez III, CEO of Mobile Infrastructure Corp, reported a transaction involving the distribution of securities from Color Up, LLC as part of a liquidating distribution.
• The distribution included 3,937,246 shares of common stock and 2,553,192 warrants, both at a price of $0.
• Chavez also indirectly owns securities through Bombe Asset Management, LLC, Bombe-MIC Pref, LLC, and PLR-322 Streeter, LLC.
• These entities received securities as a result of the liquidating distribution.
• Chavez disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a distribution of securities. It doesn't inherently convey positive or negative sentiment.

Management Comments

• The Reporting Person disclaimed 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 was the beneficial owner of such securities for Section 16 or any other purpose.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in the corporate world.

Stakeholder Impact

• The distribution of securities may have a minor impact on shareholders, depending on the overall effect on the company's capital structure.

Key Dates