Mobia Medical (MOBI) insiders list preferred, warrant and note stakes
Rhea-AI Filing Summary
Mobia Medical, Inc. received an initial ownership report from a group of related Green Park & Golf Ventures entities that are ten-percent owners. The filing lists indirect holdings of several series of preferred stock, warrants and convertible notes that are convertible into Common Stock immediately before the company’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Green Park & Golf Ventures II, LLC, GPG JCT, LLC, GPG MTI 22, LLC, GPG MTI 25, LLC, GPG MTI 3-17 Investment, LLC, GPG PHL, LLC, GPG RM Investment, LLC, Heighten Clay M, Soderstrom Carl D, Garcia Gilbert G. II
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series E-2 Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series E-2 Preferred Stock | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Warrant (right to buy) | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Warrant (right to buy) | -- | -- | -- |
Holdings After Transaction:
Series D Preferred Stock — 122,593 shares (Indirect, See Footnote);
Series E-1 Preferred Stock — 141,446 shares (Indirect, See Footnote);
Series E-2 Preferred Stock — 533,750 shares (Indirect, See Footnote);
Convertible Notes — 74,416 shares (Indirect, See Footnote);
Series F Preferred Stock — 327,833 shares (Indirect, See Footnote);
Series D Preferred Warrant (right to buy) — 16,364 shares (Indirect, See Footnote)
Footnotes (10)
- F1. Each share of Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock will convert into Common Stock immediately prior to the completion of the Issuer's initial public offering (the "Offering") pursuant to its terms.
- F2. The securities are held by GPG JCT, LLC ("JCT").
- F3. The Convertible Notes will automatically convert into Common Stock immediately prior to the closing of the Offering. The conversion price is the lower of (a) 80% of the Offering price per share and (b) the valuation of the Issuer immediately prior to the closing of the Offering divided by the number of fully diluted shares of capital stock (on an as-converted basis) outstanding immediately prior to Offering, excluding the Convertible Notes.
- F4. The securities are held by GPG MTI 22, LLC ("MTI 22").
- F5. The securities are held by GPG MTI 25, LLC ("MTI 25").
- F6. The securities are held by GPG MTI 3-17 Investment, LLC ("MTI 3-17").
- F7. Common stock is issuable upon exercise of warrant to purchase the Series D Preferred Stock. The warrants are currently exercisable and have an exercise price of $4.207 per share. Unless exercised earlier, the warrants will expire on May 25, 2033.
- F8. The securities are held by GPG PHL, LLC ("PHL").
- F9. The securities are held by GPG RM Investment, LLC ("RM").
- F10. Green Park & Golf Ventures II, LLC ("GPG Ventures II") is the managing member of each of JCT, MTI 22, MTI 25, MTI 3-17, PHL, and RM. Clay M. Heighten, MD, Carl D. Soderstrom and Gilbert G. Garcia II are managers of GPG Ventures II and share voting and dispositive power with respect to the shares held by each of JCT, MTI 22, MTI 25, MTI 3-17, PHL, and RM., and as a result may be deemed to beneficially own such securities.
Key Figures
Series E-2 Preferred underlying shares: 477,329 shares
Series F Preferred underlying shares: 282,122 shares
Series E-1 Preferred underlying shares: 116,940 shares
+5 more
8 metrics
Series E-2 Preferred underlying shares
477,329 shares
Underlying Common Stock for Series E-2 Preferred Stock positions
Series F Preferred underlying shares
282,122 shares
Underlying Common Stock for a Series F Preferred Stock holding
Series E-1 Preferred underlying shares
116,940 shares
Underlying Common Stock for a Series E-1 Preferred Stock holding
Convertible Notes underlying shares
41,666 shares
Underlying Common Stock for one Convertible Notes position
Second Convertible Notes block
32,750 shares
Underlying Common Stock for another Convertible Notes position
Warrant exercise price
$4.207 per share
Exercise price for warrants to purchase Series D Preferred Stock
Warrant expiration
May 25, 2033
Expiration date for Series D Preferred Stock warrants
Holding entries reported
13 holdings
Number of holding entries summarized in transactionSummary
Key Terms
Series D Preferred Stock, Series F Preferred Stock, Series E-2 Preferred Stock, Convertible Notes, +2 more
6 terms
Series D Preferred Stock financial
"Each share of Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock..."
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Series F Preferred Stock financial
"Each share of Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock..."
Series F preferred stock is a class of company shares that gives holders priority over common shareholders for dividend payments and for getting money back if the company is sold or liquidated, much like a ticket that moves you to the front of the line. These shares often carry a fixed dividend and special rights—sometimes including conversion into common stock—so investors consider them when weighing income, downside protection and potential ownership dilution.
Series E-2 Preferred Stock financial
"Each share of Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock..."
Convertible Notes financial
"The Convertible Notes will automatically convert into Common Stock immediately prior to the closing..."
Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.
initial public offering financial
"will convert into Common Stock immediately prior to the completion of the Issuer's initial public offering..."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
beneficially own financial
"may be deemed to beneficially own such securities."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Mobia Medical (MOBI) Form 3 filing show?
The Form 3 shows initial ownership positions in Mobia Medical held indirectly through several Green Park & Golf Ventures-related entities. These positions include multiple series of preferred stock, warrants, and convertible notes that are all convertible into Common Stock in connection with the company’s planned initial public offering.
Which entities are reporting Mobia Medical (MOBI) ownership on this Form 3?
Reporting persons include Green Park & Golf Ventures II, LLC and affiliated LLCs such as GPG JCT, GPG MTI 22, GPG MTI 25, GPG MTI 3-17 Investment, GPG PHL, and GPG RM Investment, along with individuals Clay M. Heighten, Carl D. Soderstrom, and Gilbert G. Garcia II as managers of the main entity.
What are the conversion terms for Mobia Medical’s Convertible Notes?
The Convertible Notes automatically convert into Common Stock immediately before the IPO closing. The conversion price is the lower of 80% of the IPO price per share or the issuer’s pre-offering valuation divided by fully diluted shares outstanding, excluding the Convertible Notes themselves from that share count.
What are the key terms of Mobia Medical’s Series D Preferred warrants?
Common Stock is issuable upon exercise of warrants to purchase Series D Preferred Stock. These warrants are currently exercisable, carry an exercise price of $4.207 per share, and will expire on May 25, 2033 if not exercised earlier, defining a long-dated potential source of additional common shares.
How do Green Park & Golf Ventures managers relate to Mobia Medical ownership?
Green Park & Golf Ventures II, LLC is managing member of several holding LLCs. Its managers, Clay M. Heighten, Carl D. Soderstrom, and Gilbert G. Garcia II, share voting and dispositive power over securities held by those LLCs and may be deemed to beneficially own the reported Mobia Medical positions.