Mobix Labs (MOBX) CEO sells 9,301 shares in tax-cover transaction
Rhea-AI Filing Summary
Mobix Labs, Inc. director and Chief Executive Officer Philip Sansone reported selling 9,301 shares of Class A common stock on July 16, 2026 at a weighted average price of $1.8669 per share, leaving 166,130 shares held directly. The sale was made under an irrevocable “sell to cover” election solely to satisfy tax withholding from restricted stock units vesting that day and is described as non-discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,301 shares
Net Sell
1 txn
Insider
SANSONE PHILIP
Role
Chief Executive Officer
Sold
9,301 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 9,301 | $1.8669 | $17K |
Holdings After Transaction:
Class A Common Stock — 166,130 shares (Direct)
Footnotes (2)
- F1. The reported shares were sold solely to cover the Reporting Person's tax liability associated with the restricted stock units that vested on July 16, 2026. These sales were made pursuant to an irrevocable election by the Reporting Person to satisfy tax withholding obligations through "sell to cover" transactions and do not represent discretionary trades by the Reporting Person.
- F2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $1.85 to $1.875 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold: 9,301 shares
Weighted average sale price: $1.8669 per share
Shares held after transaction: 166,130 shares
+2 more
5 metrics
Shares sold
9,301 shares
Class A common stock sold by CEO on July 16, 2026
Weighted average sale price
$1.8669 per share
Average price for the 9,301 shares sold
Shares held after transaction
166,130 shares
Direct holdings of CEO following the reported sale
Sale price range
$1.85–$1.875 per share
Range of prices for shares included in the weighted average
Transaction date
July 16, 2026
Date restricted stock units vested and sell-to-cover trades occurred
Key Terms
restricted stock units, "sell to cover" transactions, weighted average price, tax withholding obligations
4 terms
restricted stock units financial
"tax liability associated with the restricted stock units that vested on July 16, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
"sell to cover" transactions financial
"election by the Reporting Person to satisfy tax withholding obligations through "sell to cover" transactions"
weighted average price financial
"Represents the weighted average price of the shares sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"to satisfy tax withholding obligations through "sell to cover" transactions"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Mobix Labs (MOBX) disclose for CEO Philip Sansone?
Mobix Labs (MOBX) reported that CEO Philip Sansone sold 9,301 shares of Class A common stock on July 16, 2026 at a weighted average price of $1.8669 per share, in connection with recently vested restricted stock units.
Were the Mobix Labs (MOBX) CEO’s reported sales discretionary trades?
No. The disclosure explains the sales do not represent discretionary trades. They were executed under an irrevocable election to conduct “sell to cover” transactions, specifically to satisfy tax withholding obligations tied to vested restricted stock units.