Mobia Medical insiders report pre-IPO preferred holdings
Mobia Medical, Inc. disclosed initial insider holdings on a Form 3 for several 10% owners, including Green Park & Golf Ventures II, LLC, MTI 2015 Investment, LLC, GPG MOBI, LLC and related managers.
Rhea-AI Filing Summary
Mobia Medical, Inc. disclosed initial insider holdings on a Form 3 for several 10% owners, including Green Park & Golf Ventures II, LLC, MTI 2015 Investment, LLC, GPG MOBI, LLC and related managers. The filing reports indirect ownership of Series C Preferred Stock that is convertible into Common Stock.
The derivative position includes Series C Preferred Stock indirectly held through MTI 2015 Investment, LLC, which is convertible into 71,202 shares of Common Stock pursuant to its terms immediately before Mobia Medical’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Green Park & Golf Ventures II, LLC, MTI 2015 Investment, LLC, GPG MOBI, LLC, Heighten Clay M, Soderstrom Carl D, Garcia Gilbert G. II
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series C Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series C Preferred Stock — 71,202 contracts (Indirect, See Footnote)
Footnotes (3)
- F1. Each share of Series C Preferred Stock will convert into Common Stock immediately prior to the completion of the Issuer's initial public offering pursuant to its terms.
- F2. The securities are held by MTI 2015 Investment, LLC ("MTI 2015").
- F3. Green Park & Golf Ventures II, LLC ("GPG Ventures II") is the managing member of each of MTI 2015 and GPG MOBI, LLC ("MOBI"). 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 MTI 2015 and MOBI, and as a result may be deemed to beneficially own such securities.
Key Figures
Underlying Common Shares: 71,202 shares
Exercise/Conversion Price: $0.0000 per share
Post-transaction holdings: 71,202.0000 shares
3 metrics
Underlying Common Shares
71,202 shares
Underlying shares from Series C Preferred Stock
Exercise/Conversion Price
$0.0000 per share
Conversion price of Series C Preferred into Common Stock
Post-transaction holdings
71,202.0000 shares
Total shares underlying derivative position following reported holding
Key Terms
Series C Preferred Stock, initial public offering, beneficially own, dispositive power
4 terms
Series C Preferred Stock financial
"Each share of Series C Preferred Stock will convert into Common Stock"
A Series C preferred stock is a specific class of ownership issued during a later funding round that gives holders priority over common shareholders for getting paid and receiving dividends, like having a reserved lane in traffic when money is distributed. It often includes agreed rights such as a fixed payout, protection against dilution, and the option to convert into common shares, so investors treat it as a mix of safety and upside potential.
initial public offering financial
"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.
dispositive power financial
"share voting and dispositive power with respect to the shares held"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Mobia Medical (MOBI) report in this Form 3 filing?
Mobia Medical reports initial beneficial ownership positions for several 10% owners. The filing shows indirect holdings of Series C Preferred Stock that will convert into Common Stock before the company’s initial public offering, giving investors visibility into pre-IPO ownership structure.
Who holds the reported Mobia Medical (MOBI) Series C Preferred Stock?
The securities are held by MTI 2015 Investment, LLC. Green Park & Golf Ventures II, LLC is the managing member of MTI 2015 and GPG MOBI, LLC, and certain managers may be deemed to share voting and dispositive power over these Mobia Medical securities.
Are the Mobia Medical (MOBI) holdings reported on this Form 3 direct or indirect?
The reported Mobia Medical holdings are indirect, held through MTI 2015 Investment, LLC. Green Park & Golf Ventures II, LLC and its managers share voting and dispositive power, so they may be deemed to beneficially own the underlying Mobia Medical securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
