Michael Z. Jacoby - Oct 1, 2021 Form 4 Insider Report for Broad Street Realty, Inc. (BRST)

Role
Chief Executive Officer, Director
Signature
/s/ Andrew P. Campbell as attorney-in-fact for Michael Z. Jacoby
Stock symbol
BRST
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 07:46 PM
Previous filing
Oct 4, 2021
Next filing
Oct 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRST Common Stock Award $0 +43.6K +1.82% $0.00 2.44M Oct 1, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRST Performance Rights Award $0 +2.27M $0.00 2.27M Oct 1, 2021 Common Stock 2.27M Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of Broad Street Realty's (the "Company") common stock granted pursuant to the Company's Amended and Restated 2020 Equity Incentive Plan that vest ratably on each of January 1, 2022, January 1, 2023 and January 1, 2024.
F2 Each performance right represents a contingent right to receive one share of the Company's common stock. The performance rights vest upon the Company's common stock achieving a specified Implied Equity Market Capitalization (as defined in the performance award of stock units agreement substantially in the form filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on September 21, 2021) at the end of the performance period ending on December 31, 2024. If, however, the maximum amount of the award is not earned as of December, 31, 2024, the remaining performance rights may be earned based on the Company's Implied Equity Market Capitalization as of December 31, 2025.
F3 The number represents the maximum number of shares that may be delivered pursuant to the award.