Mobia Medical (MOBI) backers disclose sizable preferred stakes before IPO
Rhea-AI Filing Summary
Mobia Medical, Inc. received an initial ownership report from several more-than-10% holders tied to Green Park & Golf Ventures - Houston, LLC and affiliated HTX investment LLCs. The filing lists indirect holdings of preferred stock that are convertible into common shares.
The positions include Series F Preferred Stock convertible into 126,005 shares of common stock, Series E-2 Preferred Stock convertible into 138,233 shares of common stock, and two Series E-1 Preferred Stock positions convertible into 83,579 and 38,875 common shares. Each share of these preferred series will convert into common stock immediately prior to completion of Mobia Medical’s initial public offering pursuant to their terms.
The securities are held through HTX MCT1, HTX MCT2, HTX MCT3 and HTX MCT4 investment LLCs. Green Park & Golf Ventures - Houston, LLC is the managing member of these entities, and Clay M. Heighten, Carl D. Soderstrom and Gilbert G. Garcia II share voting and dispositive power over the shares and may be deemed to beneficially own them.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Green Park & Golf Ventures - Houston, LLC, HTX MCT1 0320 Investment, LLC, HTX MCT2 0221 Investment, LLC, HTX MCT3 0322 Investment, LLC, HTX MCT4 0226 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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series E-2 Preferred Stock | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series E-1 Preferred Stock — 38,875 shares (Indirect, See Footnote);
Series E-2 Preferred Stock — 138,233 shares (Indirect, See Footnote);
Series F Preferred Stock — 126,005 shares (Indirect, See Footnote)
Footnotes (1)
- Each share of 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 pursuant to its terms. The securities are held by HTX MCT1 0320 Investment, LLC ("HTX MCT1"). The securities are held by HTX MCT2 0221 Investment, LLC ("HTX MCT2"). The securities are held by HTX MCT3 0322 Investment, LLC ("HTX MCT3"). Green Park & Golf Ventures - Houston, LLC ("GPG Ventures Houston") is the managing member of each of HTX MCT1, HTX MCT2, HTX MCT3 and HTX MCT4 0226 Investment, LLC ("HTX MCT4"). Clay M. Heighten, MD, Carl D. Soderstrom and Gilbert G. Garcia II are managers of GPG Ventures Houston and share voting and dispositive power with respect to the shares held by each of HTX MCT1, HTX MCT2, HTX MCT3 and HTX MCT4, and as a result may be deemed to beneficially own such securities.
Key Figures
Series F underlying common: 126,005 shares
Series E-2 underlying common: 138,233 shares
Series E-1 underlying common (position 1): 83,579 shares
+2 more
5 metrics
Series F underlying common
126,005 shares
Underlying common stock for Series F Preferred
Series E-2 underlying common
138,233 shares
Underlying common stock for Series E-2 Preferred
Series E-1 underlying common (position 1)
83,579 shares
Underlying common stock for one Series E-1 Preferred holding
Series E-1 underlying common (position 2)
38,875 shares
Underlying common stock for second Series E-1 Preferred holding
Preferred exercise price
$0.0000 per share
Conversion/exercise price for each preferred series
Key Terms
Series F Preferred Stock, Series E-1 Preferred Stock, Series E-2 Preferred Stock, initial public offering, +2 more
6 terms
Series F Preferred Stock financial
"Each share of Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock will convert into Common 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-1 Preferred Stock financial
"Each share of Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock will convert into Common Stock"
Series E-2 Preferred Stock financial
"Each share of Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock will convert into Common Stock"
initial public offering financial
"will convert into Common Stock immediately prior to the completion of the Issuer's initial public offering pursuant to its terms"
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.
voting and dispositive power financial
"share voting and dispositive power with respect to the shares held"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Mobia Medical (MOBI) Form 3 filing show about ownership?
The Form 3 shows indirect holdings of Mobia Medical preferred stock by HTX investment LLCs managed by Green Park & Golf Ventures - Houston, LLC. These positions represent more-than-10% beneficial ownership stakes that will convert into common shares before Mobia Medical’s initial public offering pursuant to their terms.
Which Mobia Medical preferred stock series are reported in this Form 3?
The filing lists Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock. Each share of these series will convert into common stock immediately prior to completion of Mobia Medical’s initial public offering, making them economically equivalent to common shares after the IPO closes.
How will the Mobia Medical preferred stock convert in connection with the IPO?
Each share of Series F, Series E-1 and Series E-2 Preferred Stock will convert into Mobia Medical common stock immediately before completion of the company’s initial public offering. This automatic conversion aligns the preferred holders with common shareholders once the IPO has been completed.
Are the Mobia Medical preferred stock holdings direct or indirect for the reporting persons?
The holdings are reported as indirect, with nature of ownership described in footnotes. The preferred shares are held by HTX MCT1, HTX MCT2, HTX MCT3 and HTX MCT4 LLCs, while Green Park & Golf Ventures - Houston, LLC and its managers may be deemed to beneficially own the securities.