Mobia Medical (MOBI) investors convert preferred and notes into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mobia Medical, Inc. insiders affiliated with Green Park & Golf Ventures entities reported multiple conversions of preferred stock and convertible notes into Common Stock on May 11, 2026. These were coded as derivative conversions rather than open‑market trades, so no shares were bought or sold for cash.
The filing shows various series of preferred stock and Convertible Notes automatically converted into Common Stock immediately before Mobia Medical’s initial public offering, pursuant to their terms. After these conversions, the reporting LLCs hold only Common Stock positions, all reported as indirect ownership.
Green Park & Golf Ventures II, LLC is the managing member of several holding LLCs, and its managers Clay M. Heighten, MD, Carl D. Soderstrom and Gilbert G. Garcia II share voting and dispositive power and may be deemed to beneficially own the converted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,486,915 shares exercised/converted
Mixed
28 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
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| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series E-1 Preferred Stock | 38,798 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 103,461 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 75,996 | $0.00 | -- |
| Conversion | Convertible Notes | 120,000 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 77,596 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 37,998 | $0.00 | -- |
| Conversion | Convertible Notes | 102,000 | $0.00 | -- |
| Conversion | Series E-2 Preferred Stock | 491,294 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 336,251 | $0.00 | -- |
| Conversion | Series E-2 Preferred Stock | 393,034 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 376,182 | $0.00 | -- |
| Conversion | Convertible Notes | 400,000 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 237,000 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 697,305 | $0.00 | -- |
| Conversion | Common Stock | 11,139 | $0.00 | -- |
| Conversion | Common Stock | 29,704 | $0.00 | -- |
| Conversion | Common Stock | 21,819 | $0.00 | -- |
| Conversion | Common Stock | 10,000 | $0.00 | -- |
| Conversion | Common Stock | 22,278 | $0.00 | -- |
| Conversion | Common Stock | 10,909 | $0.00 | -- |
| Conversion | Common Stock | 8,500 | $0.00 | -- |
| Conversion | Common Stock | 141,054 | $0.00 | -- |
| Conversion | Common Stock | 96,540 | $0.00 | -- |
| Conversion | Common Stock | 112,843 | $0.00 | -- |
| Conversion | Common Stock | 108,005 | $0.00 | -- |
| Conversion | Common Stock | 33,333 | $0.00 | -- |
| Conversion | Common Stock | 68,044 | $0.00 | -- |
| Conversion | Common Stock | 200,202 | $0.00 | -- |
Holdings After Transaction:
Series E-1 Preferred Stock — 0 shares (Indirect, See Footnote);
Series F Preferred Stock — 0 shares (Indirect, See Footnote);
Convertible Notes — 0 shares (Indirect, See Footnote);
Series E-2 Preferred Stock — 0 shares (Indirect, See Footnote);
Series D Preferred Stock — 0 shares (Indirect, See Footnote);
Common Stock — 11,139 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 BFH, LLC ("BFH"). The securities are held by GPG Charles & Potomac, LLC ("C&P"). 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 Dais, LLC ("Dais"). The securities are held by GPG GR, LLC ("GR"). The securities are held by GPG Healthcare Opportunities Fund II, LLC ("HOF II"). The securities are held by GPG Healthcare Opportunities Fund, LLC ("HOF"). 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
Derivative shares converted: 3,486,915 shares
Conversion transactions: 28 transactions
Derivative transaction count: 14 derivative entries
+4 more
7 metrics
Derivative shares converted
3,486,915 shares
Total derivative exercise shares in conversions
Conversion transactions
28 transactions
All coded as acquire via derivative conversion
Derivative transaction count
14 derivative entries
Transactions classified as derivative-type in summary
Largest common lot
200,202 shares
Common Stock position following one conversion entry
Series E-1 preferred converted
697,305 shares
One Series E-1 Preferred Stock position converted to common
Series F preferred converted
376,182 shares
One Series F Preferred Stock position converted to common
Convertible Notes converted
400,000 notes units
Convertible Notes converted into 33,333 common shares
Key Terms
Series E-1 Preferred Stock, Series F Preferred Stock, Convertible Notes, initial public offering, +2 more
6 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 converted into Common Stock"
Series F 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 converted 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.
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.
initial public offering financial
"converted 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
"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 by each of BFH, C&P, Dais, GR, HOF, and HOF II"
FAQ
What did Mobia Medical (MOBI) insiders report in this Form 4?
The Form 4 reports that entities affiliated with Green Park & Golf Ventures converted several series of preferred stock and Convertible Notes into Mobia Medical Common Stock, reflecting a structural change in holdings rather than open-market buying or selling of shares.
Which entities now hold Mobia Medical (MOBI) Common Stock after the conversions?
Indirect Common Stock holdings are reported for LLCs including GPG BFH, GPG Charles & Potomac, GPG Dais, GPG GR, GPG Healthcare Opportunities Fund and GPG Healthcare Opportunities Fund II. Each now shows post-transaction Common Stock balances rather than preferred or note positions.
What role does Green Park & Golf Ventures II play in Mobia Medical (MOBI) holdings?
Green Park & Golf Ventures II, LLC is the managing member of the various GPG LLCs holding Mobia Medical securities. Its managers share voting and dispositive power over those LLCs’ shares and may be deemed to beneficially own the converted Common Stock positions.
How are Mobia Medical (MOBI) Convertible Notes treated in this Form 4?
The filing states that certain Convertible Notes automatically converted into Common Stock immediately before the offering. Their conversion price is tied to the offering price and the issuer’s pre-offering valuation, as specified in the footnote describing the automatic conversion mechanics.