Mobia Medical insiders report pre-IPO holdings
Mobia Medical, Inc. insiders filed an initial Form 3 showing indirect holdings in multiple preferred stock series, convertible notes and warrants that can turn into Common Stock.
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Form Type
3
Rhea-AI Filing Summary
Mobia Medical, Inc. insiders filed an initial Form 3 showing indirect holdings in multiple preferred stock series, convertible notes and warrants that can turn into Common Stock. These securities, held through LLCs tied to Green Park & Golf Ventures II, automatically convert into Common Stock immediately before Mobia’s initial public offering under predefined terms.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Green Park & Golf Ventures II, LLC, GPG SC, LLC, GPG WG, LLC, GPG MTIF, LLC, Micro TI Investment 2, LLC, Micro TI Investment, LLC, MTI 20 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 E-2 Preferred Stock | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series B Preferred Warrant (right to buy) | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series E-2 Preferred Stock — 22,568 contracts (Indirect, See Footnote);
Series F Preferred Stock — 16,364 contracts (Indirect, See Footnote);
Convertible Notes — 518,071 contracts (Indirect, See Footnote);
Series E-1 Preferred Stock — 337,103 contracts (Indirect, See Footnote);
Series B Preferred Stock — 50,243 contracts (Indirect, See Footnote);
Series B Preferred Warrant (right to buy) — 23,255 contracts (Indirect, See Footnote)
Footnotes (10)
- F1. Each share of Series B Preferred Stock, 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 SC, LLC ("SC").
- 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 WG, LLC ("WG").
- F5. The securities are held by GPG MTIF, LLC ("MTIF").
- F6. The securities are held by Micro TI Investment 2, LLC ("Micro TI 2").
- F7. Common stock is issuable upon exercise of warrant to purchase Series B Preferred Stock. The warrants are currently exercisable and have an exercise price of $3.73744 per share. Unless exercised earlier, the warrants will expire on December 14, 2032.
- F8. The securities are held by Micro TI Investment, LLC ("Micro TI").
- F9. The securities are held by MTI 20 Investment, LLC ("MTI 20").
- F10. Green Park & Golf Ventures II, LLC ("GPG Ventures II") is the managing member of each of SC, WG, MTIF, Micro TI, Micro TI 2, and MTI 20. 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 SC, WG, MTIF, Micro TI, Micro TI 2, and MTI 20, and as a result may be deemed to beneficially own such securities.
Key Figures
Series E-1 underlying common: 311,112 shares
Largest convertible notes position: 464,489 shares
Series B warrant underlying: 23,255 shares
+5 more
8 metrics
Series E-1 underlying common
311,112 shares
Underlying Common Stock for Series E-1 Preferred Stock holding
Largest convertible notes position
464,489 shares
Underlying Common Stock for a Convertible Notes holding
Series B warrant underlying
23,255 shares
Underlying Common Stock for Series B Preferred Warrant
Series B warrant strike
$3.73744 per share
Exercise price for warrant to purchase Series B Preferred Stock
Warrant expiration
December 14, 2032
Expiration of warrant to purchase Series B Preferred Stock
Series F underlying common
16,364 shares
Underlying Common Stock for Series F Preferred Stock holding
Series E-2 underlying common
22,568 shares
Underlying Common Stock for Series E-2 Preferred Stock holding
Unknown transaction entries
11 entries
Holding-type entries with unknown transaction codes in summary
Key Terms
Series E-1 Preferred Stock, Convertible Notes, as-converted basis, warrant to purchase Series B Preferred Stock, +1 more
5 terms
Series E-1 Preferred Stock financial
"Each share of Series B Preferred Stock, Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock will convert"
Convertible Notes financial
"The Convertible Notes will automatically convert into Common Stock immediately prior to the closing of the Offering."
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.
as-converted basis financial
"fully diluted shares of capital stock (on an as-converted basis) outstanding immediately prior to Offering, excluding the Convertible Notes."
As-converted basis means counting securities that can become common stock—like convertible bonds or preferred shares—as if they already were common shares when calculating totals such as shares outstanding, ownership percentages, or per-share metrics. Investors use it to see the potential dilution and the “what-if” size of the shareholder base; it’s like imagining all restaurant coupons have been redeemed so you know how crowded the table could become and how slices of the pie would shrink.
warrant to purchase Series B Preferred Stock financial
"Common stock is issuable upon exercise of warrant to purchase Series B Preferred Stock."
initial public offering financial
"will convert into Common Stock immediately prior to the completion of the Issuer's initial public offering (the "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Mobia Medical (MOBI) disclose in this Form 3 filing?
The Form 3 discloses existing indirect holdings of preferred stock, convertible notes, and warrants tied to Common Stock. These positions are held through various LLCs and represent the starting beneficial ownership reported by large Mobia Medical stakeholders.
Which securities can convert into Mobia Medical (MOBI) common stock?
The filing notes that Series B, D, F, E-1 and E-2 Preferred Stock and certain Convertible Notes will convert into Common Stock immediately before Mobia Medical’s initial public offering, following each security’s stated terms and conversion formulas.
How are the convertible notes in Mobia Medical (MOBI) Form 3 priced for conversion?
The Convertible Notes convert into Common Stock at the lower of 80% of the IPO price per share or a valuation-based formula. That formula uses the issuer’s pre-offering valuation divided by fully diluted as-converted capital stock outstanding, excluding the notes.
Who controls the LLCs holding Mobia Medical (MOBI) securities?
The filing states Green Park & Golf Ventures II, LLC is managing member of several LLC holders. Clay M. Heighten, Carl D. Soderstrom, and Gilbert G. Garcia II are managers who share voting and dispositive power over securities held by those entities.
What are the key warrant terms reported for Mobia Medical (MOBI)?
A warrant to purchase Series B Preferred Stock is currently exercisable at an exercise price of $3.73744 per share. According to the filing, this warrant expires on December 14, 2032, and common stock is issuable upon its exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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