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.
Mobia Medical, Inc. received an initial ownership report from a group of related Green Park & Golf Ventures entities that are ten-percent owners. The filing lists indirect holdings of several series of preferred stock, warrants and convertible notes that are convertible into Common Stock immediately before the company’s initial public offering.
Mobia Medical, Inc. received an initial ownership report from several more-than-10% holders tied to Green Park & Golf Ventures - Houston, LLC and affiliated HTX investment LLCs. The filing lists indirect holdings of preferred stock that are convertible into common shares.
The positions include Series F Preferred Stock convertible into 126,005 shares of common stock, Series E-2 Preferred Stock convertible into 138,233 shares of common stock, and two Series E-1 Preferred Stock positions convertible into 83,579 and 38,875 common shares. Each share of these preferred series will convert into common stock immediately prior to completion of Mobia Medical’s initial public offering pursuant to their terms.
The securities are held through HTX MCT1, HTX MCT2, HTX MCT3 and HTX MCT4 investment LLCs. Green Park & Golf Ventures - Houston, LLC is the managing member of these entities, and Clay M. Heighten, Carl D. Soderstrom and Gilbert G. Garcia II share voting and dispositive power over the shares and may be deemed to beneficially own them.
Mobia Medical, Inc. disclosed initial insider holdings on a Form 3 for several 10% owners, including Green Park & Golf Ventures II, LLC, MTI 2015 Investment, LLC, GPG MOBI, LLC and related managers. The filing reports indirect ownership of Series C Preferred Stock that is convertible into Common Stock.
The derivative position includes Series C Preferred Stock indirectly held through MTI 2015 Investment, LLC, which is convertible into 71,202 shares of Common Stock pursuant to its terms immediately before Mobia Medical’s initial public offering.
Mobia Medical, Inc. insiders filed an initial Form 3 showing indirect holdings in multiple preferred stock series, convertible notes and warrants that can turn into Common Stock. These securities, held through LLCs tied to Green Park & Golf Ventures II, automatically convert into Common Stock immediately before Mobia’s initial public offering under predefined terms.
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.
Mobia Medical, Inc. Chief Operating Officer Prashant B. Rawat exercised stock options to acquire 15,000 shares of common stock on June 10, 2026. The options were exercised at an exercise price of $3.38 per share, a routine derivative conversion rather than an open-market purchase or sale.
Following the transaction, Rawat directly holds 15,000 shares of common stock and continues to hold 182,243 stock options. The option grant vested 25% on June 27, 2023 and the remainder in 36 substantially equal monthly installments, reflecting standard compensation-related equity vesting.
Mobia Medical, Inc.'s Chief Financial Officer, Curnes Nelson Bunker, purchased 5,000 shares of common stock in an open‑market transaction at a weighted average price of $12.7938 per share on June 9, 2026. Following the purchase, he directly holds 366,997 shares.
The filing also reflects prior restructuring entries tied to entities such as Curnes Fund 2001 and Exceller Hunt Microtransponder 2017, LP, which distributed shares to their members before the company’s initial public offering. Footnotes state Bunker received 58,359 shares in these pro rata in‑kind distributions, which remain subject to IPO lock‑up restrictions.
Mobia Medical reported strong top-line growth but continued sizable losses for the quarter ended March 31, 2026. Revenue rose to $12.1 million from $5.7 million a year earlier, driven by broader adoption of its Vivistim Paired VNS System for chronic stroke recovery.
Operating expenses increased to $26.9 million, mainly from higher selling, general and administrative costs, leading to a net loss of $17.7 million versus $10.7 million last year. Cash and cash equivalents were $55.7 million as of March 31, 2026. Management previously raised going concern doubts, but the May 2026 IPO raised approximately $134.5 million and converted all preferred stock and $40.0 million of convertible notes into common stock, which the company now expects will fund operations for at least one year from issuance of these statements.
Mobia Medical, Inc. disclosure: Synapse Investment and related entities report beneficial ownership of 1,986,072 shares of Common Stock, equal to 6.0% of the class. The filing states these holders share voting and dispositive power over the reported shares.
The reporting parties list their principal business office as c/o SR One Capital Management, LP, Redwood City, CA, and the report was signed pursuant to a power of attorney.