Green Park & Golf Ventures lists pre-IPO Mobia Medical (MOBI) holdings
Rhea-AI Filing Summary
Mobia Medical, Inc. received an initial ownership report from Green Park & Golf Ventures II and related investment entities, all listed as ten percent owners. The filing shows indirect holdings in several preferred stock series and convertible notes that are exchangeable into Common Stock.
Each share of Series D, Series F, Series E-1 and Series E-2 Preferred Stock will convert into Common Stock immediately before Mobia Medical’s initial public offering under their terms. Convertible Notes will also automatically convert into Common Stock at a price tied to the Offering, using the lower of 80% of the Offering price per share or a formula based on the issuer’s pre‑offering valuation and fully diluted share count. Certain managers share voting and dispositive power over securities held by the affiliated LLC funds.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Green Park & Golf Ventures II, LLC, GPG BFH, LLC, GPG Charles & Potomac, LLC, GPG Dais, LLC, GPG GR, LLC, GPG Healthcare Opportunities Fund II, LLC, GPG Healthcare Opportunities Fund, 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-1 Preferred Stock | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series E-2 Preferred Stock | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
| holding | Series E-2 Preferred Stock | -- | -- | -- |
| holding | Series F Preferred Stock | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series E-1 Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series E-1 Preferred Stock — 359,863 shares (Indirect, See Footnote);
Series F Preferred Stock — 140,733 shares (Indirect, See Footnote);
Convertible Notes — 51,833 shares (Indirect, See Footnote);
Series E-2 Preferred Stock — 253,897 shares (Indirect, See Footnote);
Series D Preferred Stock — 68,044 shares (Indirect, See Footnote)
Footnotes (9)
- 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 BFH, LLC ("BFH").
- F3. The securities are held by GPG Charles & Potomac, LLC ("C&P").
- F4. 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.
- F5. The securities are held by GPG Dais, LLC ("Dais").
- F6. The securities are held by GPG GR, LLC ("GR").
- F7. The securities are held by GPG Healthcare Opportunities Fund II, LLC ("HOF II").
- F8. The securities are held by GPG Healthcare Opportunities Fund, LLC ("HOF").
- F9. Green Park & Golf Ventures II, LLC ("GPG Ventures II") is the managing member of each of BFH, C&P, Dais, GR, HOF, and HOF II. 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 BFH, C&P, Dais, GR, HOF, and HOF II, and as a result may be deemed to beneficially own such securities.
Key Figures
Series E-1 Preferred underlying common: 200,202 shares
Series D Preferred underlying common: 68,044 shares
Convertible Notes underlying common: 33,333 shares
+3 more
6 metrics
Series E-1 Preferred underlying common
200,202 shares
Underlying Common Stock for one Series E-1 Preferred position, indirect holding
Series D Preferred underlying common
68,044 shares
Underlying Common Stock for Series D Preferred Stock, indirect holding
Convertible Notes underlying common
33,333 shares
Underlying Common Stock for one Convertible Notes position, indirect holding
Series F Preferred underlying common
108,005 shares
Underlying Common Stock for one Series F Preferred Stock position
Series E-2 Preferred underlying common
112,843 shares
Underlying Common Stock for one Series E-2 Preferred Stock position
Convertible Notes discount
80% of offering price
Conversion price uses lower of 80% of offering price or valuation formula
Key Terms
Series E-1 Preferred Stock, Convertible Notes, initial public offering, fully diluted shares, +1 more
5 terms
Series E-1 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 will convert into Common Stock"
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.
initial public offering financial
"will convert into Common Stock immediately prior to the completion of the Issuer's initial public offering (the "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
"and as a result 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 that several Green Park & Golf Ventures II-related entities are ten percent owners of Mobia Medical. They hold multiple preferred stock series and convertible notes that are indirectly owned and exchangeable into Common Stock under specified conversion terms tied to a future offering.
Which Mobia Medical preferred stock series are disclosed in this Form 3?
The filing lists Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock. Each series is convertible into Common Stock immediately before Mobia Medical’s initial public offering, according to the securities’ terms described in the disclosure.
How will the Convertible Notes in Mobia Medical (MOBI) convert to Common Stock?
The Convertible Notes will automatically convert into Common Stock immediately before the closing of the offering. Their conversion price is the lower of 80% of the offering price per share or a valuation-based formula using the issuer’s pre-offering value and fully diluted share count.
Who ultimately controls the Mobia Medical securities held by the GPG entities?
Green Park & Golf Ventures II, LLC is managing member of several GPG funds that hold the securities. Clay M. Heighten, Carl D. Soderstrom and Gilbert G. Garcia II are managers and share voting and dispositive power, so they may be deemed to beneficially own those securities.
Are the Mobia Medical (MOBI) holdings in this Form 3 direct or indirect?
All listed holdings are indirect, with ownership described as “See Footnote” and attributed to various GPG-related LLC funds. The managers of Green Park & Golf Ventures II, LLC share voting and dispositive power over these positions rather than holding the shares directly themselves.