FreeCast (CAST) CEO Mobley details initial insider share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
FreeCast, Inc. filed an initial ownership report for Chief Executive Officer and 10% owner William A. Mobley, Jr. and affiliated entity Nextelligence, Inc. The filing shows indirect ownership of 10,619,250 shares of Class A Common Stock through Nextelligence.
It also discloses a 12% Convertible Promissory Note with outstanding principal and interest of $3,258,939 as of February 11, 2026, convertible into 407,367 shares of Class A Common Stock at $8 per share. Mobley holds 125,004 fully vested stock options and significant Class B Common Stock positions, including 6,110,991 shares held directly and 7,782,970 shares held jointly with his spouse, each Class B share carrying 15 votes and being convertible into one Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
MOBLEY WILLIAM A JR, Nextelligence, Inc.
Role
Chief Executive Officer | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Promissory Note | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Convertible Promissory Note — 407,367 shares (Indirect, By Nextelligence, Inc.);
Stock Options (Right to Buy) — 125,004 shares (Direct);
Class B Common Stock — 6,110,991 shares (Direct);
Class B Common Stock — 7,782,970 shares (Indirect, Held jointly with spouse);
Class A Common Stock — 10,619,250 shares (Indirect, By Nextelligence, Inc.)
Footnotes (1)
- William A. Mobley, Jr. is an officer, sole director, majority shareholder and holds voting and dispositive control of Nextelligence, Inc. William A. Mobley, Jr. is the manager, sole member and holds voting and dispositive control of Public Wire, LLC. William A. Mobley, Jr. is the trustee pursuant to a Voting Trust Agreement of Telebrands Corp. Mr. Mobley may be deemed to be the beneficial owner of the securities held of record by Telebrands Corp. and subject to the Voting Trust Agreement by virtue of his position as trustee thereof. Mr. Mobley disclaims beneficial ownership of the securities held of record by Telebrands Corp. for which he acts as trustee pursuant to the Voting Trust Agreement. 12% Convertible Promissory Note in the outstanding principal and interest amount of $3,258,939 as of February 11, 2026 payable by the Issuer on or before June 30, 2026. The Incentive Stock Options are fully vested. The shares of Class B Common Stock are entitled to 15 votes and may be converted at any time into one share of Class A Common Stock. The shares of Class B Common Stock are perpetual. Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any sale or transfer thereof, subject to certain exceptions, such as certain transfer effected for estate planning or charitable purposes.
FAQ
What does the FreeCast (CAST) Form 3 filing report for William A. Mobley, Jr.?
The Form 3 shows William A. Mobley, Jr., FreeCast’s CEO and a 10% owner, reporting substantial beneficial holdings. These include direct and indirect positions in Class A and Class B Common Stock, stock options, and a sizable convertible promissory note through affiliated entities.
What are the key terms of the FreeCast 12% Convertible Promissory Note in this Form 3?
The filing describes a 12% Convertible Promissory Note with outstanding principal and interest of $3,258,939 as of February 11, 2026. It is payable on or before June 30, 2026 and is convertible into 407,367 shares of Class A Common Stock at an $8 conversion price.
What stock options does FreeCast CEO William A. Mobley, Jr. report holding?
William A. Mobley, Jr. reports holding Incentive Stock Options for 125,004 shares of FreeCast Class A Common Stock. The options are fully vested, with an exercise price of $4 per share, exercisable from July 1, 2021 until June 24, 2031 as disclosed.
How is FreeCast Class B Common Stock structured according to this filing?
The Form 3 explains that each share of Class B Common Stock carries 15 votes and can be converted at any time into one share of Class A Common Stock. Class B shares are perpetual and automatically convert into Class A upon sale or transfer, subject to certain estate-planning and charitable exceptions.
What indirect ownership interests in FreeCast does William A. Mobley, Jr. report beyond Nextelligence?
Beyond Nextelligence, William A. Mobley, Jr. reports indirect Class B Common Stock holdings through Public Wire, LLC and Telebrands Corp. He controls Public Wire as manager and sole member, and serves as trustee for Telebrands under a Voting Trust Agreement, while disclaiming beneficial ownership for Telebrands-held securities.