Mobia Medical holders buy 81K shares, convert preferred
Mobia Medical, Inc. reported insider activity involving large shareholders associated with Green Park & Golf Ventures.
Rhea-AI Filing Summary
Mobia Medical, Inc. reported insider activity involving large shareholders associated with Green Park & Golf Ventures. Entities linked to these investors purchased 81,000 shares of Common Stock in an open-market transaction at $15.00 per share, resulting in 81,000 indirectly held shares.
On the same date, 248,000 shares of Series C Preferred Stock were converted into 71,202 shares of Common Stock, eliminating the preferred position and creating an additional 71,202 indirectly held common shares. The footnotes explain that MTI 2015 Investment, LLC and GPG MOBI, LLC hold the securities, with Green Park & Golf Ventures II, LLC managing these entities and its managers sharing voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 81,000 shares
Net Buy
3 txns
Insider
Green Park & Golf Ventures II, LLC, MTI 2015 Investment, LLC, GPG MOBI, LLC, Heighten Clay M, Soderstrom Carl D, Garcia Gilbert G. II
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
81,000 shs ($1.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series C Preferred Stock | 248,000 | $0.00 | $0.00 |
| Conversion | Common Stock | 71,202 | $0.00 | $0.00 |
| Purchase | Common Stock | 81,000 | $15.00 | $1.22M |
Holdings After Transaction:
Series C Preferred Stock — 0 contracts (Indirect, See Footnote);
Common Stock — 81,000 shares (Indirect, See Footnote)
Footnotes (4)
- F1. Each share of Series C Preferred Stock converted into Common Stock immediately prior to the completion of the Issuer's initial public offering pursuant to its terms.
- F2. The securities are held by MTI 2015 Investment, LLC ("MTI 2015").
- F3. Green Park & Golf Ventures II, LLC ("GPG Ventures II") is the managing member of each of MTI 2015 and GPG MOBI, LLC ("MOBI"). 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 MTI 2015 and MOBI, and as a result may be deemed to beneficially own such securities.
- F4. The securities are held by MOBI.
Key Figures
Open-market purchase: 81,000 shares
Purchase price: $15.00 per share
Common shares after purchase: 81,000 shares
+3 more
6 metrics
Open-market purchase
81,000 shares
Common Stock bought at $15.00 per share on 2026-05-11
Purchase price
$15.00 per share
Price paid for 81,000 Common shares
Common shares after purchase
81,000 shares
Indirectly held Common Stock following the open-market buy
Series C Preferred converted
248,000 shares
Series C Preferred Stock converted on 2026-05-11
Common from conversion
71,202 shares
Common Stock received upon Series C Preferred conversion
Series C balance after conversion
0 shares
Total Series C Preferred Stock following the transaction
Key Terms
Series C Preferred Stock, initial public offering, derivative security, ten percent owner, +1 more
5 terms
Series C Preferred Stock financial
"The securities are held by Series C Preferred Stock and converted into Common Stock"
A Series C preferred stock is a specific class of ownership issued during a later funding round that gives holders priority over common shareholders for getting paid and receiving dividends, like having a reserved lane in traffic when money is distributed. It often includes agreed rights such as a fixed payout, protection against dilution, and the option to convert into common shares, so investors treat it as a mix of safety and upside potential.
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.
derivative security financial
"transaction_code_description: Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
ten percent owner financial
"each reporting person is listed with is_ten_percent_owner: 1"
voting and dispositive power financial
"managers of GPG Ventures II ... share voting and dispositive power with respect to the shares"
FAQ
What insider transactions did Mobia Medical (MOBI) report in this Form 4?
Mobia Medical reported that entities associated with major shareholders bought 81,000 shares of Common Stock at $15.00 and converted 248,000 shares of Series C Preferred Stock into 71,202 Common shares, increasing their indirect equity exposure.
Who executed the Mobia Medical (MOBI) insider transactions disclosed here?
The transactions were executed indirectly through MTI 2015 Investment, LLC and GPG MOBI, LLC. Green Park & Golf Ventures II, LLC manages these entities, and its managers share voting and dispositive power over the Mobia Medical securities they hold.
What happened to Mobia Medical’s Series C Preferred Stock in this filing?
A holder converted 248,000 shares of Series C Preferred Stock into 71,202 shares of Common Stock at a stated price of $0.00. After this conversion, the reported balance of Series C Preferred Stock for this holder was reduced to zero.
Are the Mobia Medical (MOBI) insider holdings direct or through entities?
All reported Mobia Medical holdings in this filing are indirect. The securities are held by MTI 2015 Investment, LLC and GPG MOBI, LLC, which are managed by Green Park & Golf Ventures II, LLC, whose managers share voting and dispositive power.
AI-generated analysis. How Rhea-AI works. Not financial advice.
