[Form 4] Mobia Medical, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mobia Medical, Inc. reported a large restructuring of holdings by Green Park & Golf Ventures–affiliated investment entities around its initial public offering. Multiple series of preferred stock, warrants and convertible notes held by LLCs such as JCT, MTI 22, MTI 25, MTI 3-17, PHL and RM converted into Common Stock immediately before the offering, turning prior derivative positions into equity stakes.
As part of a cashless warrant exercise by RM, 6,731 shares of Common Stock were withheld to pay the exercise price and 159 shares were issued, so this disposition reflects tax/exercise mechanics rather than an open-market sale. Green Park & Golf Ventures II, LLC manages the LLC holders, and its managers Clay M. Heighten, Carl D. Soderstrom and Gilbert G. Garcia II may be deemed to share beneficial ownership of the resulting Common Stock positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,870,560 shares exercised/converted
Net Sell
27 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
null | null | null | null | null | null | null | null | null | null
Sold
6,731 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series D Preferred Stock | 64,000 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 407,304 | $0.00 | -- |
| Conversion | Series E-2 Preferred Stock | 196,516 | $0.00 | -- |
| Conversion | Convertible Notes | 500,000 | $0.00 | -- |
| Conversion | Series E-2 Preferred Stock | 1,662,538 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 159,212 | $0.00 | -- |
| Conversion | Convertible Notes | 393,000 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 982,634 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 211,000 | $0.00 | -- |
| X | Series D Preferred Warrant | 33,000 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 85,356 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 152,000 | $0.00 | -- |
| X | Series D Preferred Warrant | 24,000 | $0.00 | -- |
| Conversion | Common Stock | 18,374 | $0.00 | -- |
| Conversion | Common Stock | 116,940 | $0.00 | -- |
| Conversion | Common Stock | 56,421 | $0.00 | -- |
| Conversion | Common Stock | 41,666 | $0.00 | -- |
| Conversion | Common Stock | 477,329 | $0.00 | -- |
| Conversion | Common Stock | 45,711 | $0.00 | -- |
| Conversion | Common Stock | 32,750 | $0.00 | -- |
| Conversion | Common Stock | 282,122 | $0.00 | -- |
| Conversion | Common Stock | 60,579 | $0.00 | -- |
| X | Common Stock | 9,474 | $0.00 | -- |
| Conversion | Common Stock | 24,506 | $0.00 | -- |
| Conversion | Common Stock | 43,640 | $0.00 | -- |
| X | Common Stock | 6,890 | $0.00 | -- |
| Sale | Common Stock | 6,731 | $0.00 | -- |
Holdings After Transaction:
Series D Preferred Stock — 0 shares (Indirect, See Footnote);
Series E-1 Preferred Stock — 0 shares (Indirect, See Footnote);
Series E-2 Preferred Stock — 0 shares (Indirect, See Footnote);
Convertible Notes — 0 shares (Indirect, See Footnote);
Series F Preferred Stock — 0 shares (Indirect, See Footnote);
Series D Preferred Warrant — 0 shares (Indirect, See Footnote);
Common Stock — 18,374 shares (Indirect, See Footnote)
Footnotes (1)
- Each share of Series D Preferred Stock, Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock converted into Common Stock immediately prior to the completion of the Issuer's initial public offering (the "Offering") pursuant to its terms. The securities are held by GPG JCT, LLC ("JCT"). The Convertible Notes automatically converted 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. The securities are held by GPG MTI 22, LLC ("MTI 22"). The securities are held by GPG MTI 25, LLC ("MTI 25"). The securities are held by GPG MTI 3-17 Investment, LLC ("MTI 3-17"). Common stock issued upon exercise of warrant to purchase 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. The securities are held by GPG PHL, LLC ("PHL"). The securities are held by GPG RM Investment, LLC ("RM"). 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. RM paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 6,731 shares of Common Stock to pay the exercise price and issuing to the reporting person the remaining 159 shares of Common Stock.
Key Figures
Shares withheld on cashless exercise: 6,731 shares
Net shares issued in cashless exercise: 159 shares
Aggregate derivative shares exercised/converted: 4,870,560 shares
+3 more
6 metrics
Shares withheld on cashless exercise
6,731 shares
Common Stock withheld by issuer to pay warrant exercise price
Net shares issued in cashless exercise
159 shares
Common Stock issued to RM after withholding on Series D warrant exercise
Aggregate derivative shares exercised/converted
4,870,560 shares
Total derivative shares in exercises and conversions on 2026-05-11
Series D warrant exercise price
$4.207 per share
Exercise price for warrant to purchase Series D Preferred Stock
Series D warrant expiry
May 25, 2033
Expiration date if warrant not exercised earlier
Underlying Common from Series E-2 conversion
477,329 shares
Common Stock underlying 1,662,538 Series E-2 Preferred shares converted
Key Terms
initial public offering, Convertible Notes, cashless basis, beneficially own, +2 more
6 terms
initial public offering financial
"converted 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.
Convertible Notes financial
"The Convertible Notes automatically converted 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.
cashless basis financial
"RM paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 6,731 shares"
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
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.
exercise price financial
"The warrants are currently exercisable and have an exercise price of $4.207 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
