Mobia Medical (MOBI) major holder adds stock via IPO conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mobia Medical, Inc. disclosed that investment entities associated with Green Park & Golf Ventures Houston increased their indirect stake through a mix of preferred stock conversions and an open-market purchase. On May 11, 2026, these entities bought 60,537 shares of common stock at $15.00 per share in an open-market transaction.
In addition, shares of Series F, Series E-1 and Series E-2 Preferred Stock held by HTX MCT1–MCT4 investment LLCs were converted into common stock immediately prior to Mobia Medical’s initial public offering pursuant to their terms, including conversions into 126,005, 138,233, 83,579 and 38,875 common shares. Green Park & Golf Ventures Houston is the managing member of the HTX entities, and managers Clay M. Heighten, Carl D. Soderstrom and Gilbert G. Garcia II share voting and dispositive power over the converted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 60,537 shares ($908,055)
Net Buy
9 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
null | null | null | null | null | null | null | null
Bought
60,537 shs ($908K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series E-1 Preferred Stock | 135,404 | $0.00 | -- |
| Conversion | Series E-1 Preferred Stock | 291,108 | $0.00 | -- |
| Conversion | Series E-2 Preferred Stock | 481,468 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 438,878 | $0.00 | -- |
| Conversion | Common Stock | 38,875 | $0.00 | -- |
| Conversion | Common Stock | 83,579 | $0.00 | -- |
| Conversion | Common Stock | 138,233 | $0.00 | -- |
| Conversion | Common Stock | 126,005 | $0.00 | -- |
| Purchase | Common Stock | 60,537 | $15.00 | $908K |
Holdings After Transaction:
Series E-1 Preferred Stock — 0 shares (Indirect, See Footnote);
Series E-2 Preferred Stock — 0 shares (Indirect, See Footnote);
Series F Preferred Stock — 0 shares (Indirect, See Footnote);
Common Stock — 38,875 shares (Indirect, See Footnote)
Footnotes (1)
- Each share of 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 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. The securities are held by HTX MCT4.
Key Figures
Open-market purchase: 60,537 shares at $15.00/share
Series F conversion: 126,005 shares
Series E-2 conversion: 138,233 shares
+3 more
6 metrics
Open-market purchase
60,537 shares at $15.00/share
Common Stock bought on May 11, 2026
Series F conversion
126,005 shares
Common Stock underlying Series F Preferred
Series E-2 conversion
138,233 shares
Common Stock underlying Series E-2 Preferred
Series E-1 conversion (1)
83,579 shares
Common Stock underlying Series E-1 Preferred
Series E-1 conversion (2)
38,875 shares
Additional Common Stock underlying Series E-1 Preferred
Total derivative shares exercised
1,346,858 shares
ExerciseShares in transaction summary
Key Terms
initial public offering, Series F Preferred Stock, Series E-1 Preferred Stock, Series E-2 Preferred Stock, +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.
Series F Preferred Stock financial
"Each share of Series F Preferred Stock, Series E-1 Preferred Stock and Series E-2 Preferred Stock converted"
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
"Series E-1 Preferred Stock and Series E-2 Preferred Stock converted into Common Stock"
Series E-2 Preferred Stock financial
"Series E-1 Preferred Stock and Series E-2 Preferred Stock converted into Common Stock"
derivative conversion financial
"transaction_action": "derivative conversion""
ten percent owner financial
"is_ten_percent_owner": 1"
FAQ
What did the Mobia Medical (MOBI) Form 4 filing report for Green Park & Golf Ventures Houston?
The Form 4 shows entities associated with Green Park & Golf Ventures Houston increased their indirect Mobia Medical holdings through preferred stock conversions and an open-market common stock purchase, reflecting higher equity exposure ahead of the company’s initial public offering as described in the transactions and footnotes.
What specific Mobia Medical (MOBI) preferred conversions are detailed in the Form 4?
The Form 4 details conversions into 126,005 common shares from Series F, 138,233 from Series E-2, and 83,579 and 38,875 from Series E-1 Preferred Stock. These conversions reflect derivative securities held by various HTX MCT investment LLCs.