FreeCast CEO discloses major insider holdings
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.
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
| 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 | -- | -- | -- |
Footnotes (7)
- F1. William A. Mobley, Jr. is an officer, sole director, majority shareholder and holds voting and dispositive control of Nextelligence, Inc.
- F2. William A. Mobley, Jr. is the manager, sole member and holds voting and dispositive control of Public Wire, LLC.
- F3. 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.
- F4. 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.
- F5. The Incentive Stock Options are fully vested.
- F6. 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.
- F7. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the FreeCast (CAST) Form 3 filing report for William A. Mobley, Jr.?
What are the key terms of the FreeCast 12% Convertible Promissory Note in this Form 3?
What stock options does FreeCast CEO William A. Mobley, Jr. report holding?
How is FreeCast Class B Common Stock structured according to this filing?
What indirect ownership interests in FreeCast does William A. Mobley, Jr. report beyond Nextelligence?
AI-generated analysis. How Rhea-AI works. Not financial advice.