Mobix Labs (MOBX) CEO executes tax sell-to-cover on 87,025 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mobix Labs CEO Philip Sansone filed a Form 4 showing an automatic tax-related sale of shares. On February 2, 2026, Sansone sold 87,025 shares of Mobix Labs Class A common stock at a weighted-average price of $0.188 per share in a transaction coded as a sale.
According to the disclosure, the shares were sold solely to cover taxes arising from restricted stock units that vested on January 31, 2026, under a pre‑set “sell to cover” election, meaning the trades were not discretionary. After this transaction, Sansone directly beneficially owned 1,848,816 shares of Mobix Labs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 87,025 shares ($16,361)
Net Sell
1 txn
Insider
SANSONE PHILIP
Role
Chief Executive Officer
Sold
87,025 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 87,025 | $0.188 | $16K |
Holdings After Transaction:
Class A Common Stock — 1,848,816 shares (Direct)
Footnotes (1)
- The reported shares were sold solely to cover the Reporting Person's tax liability associated with the restricted stock units that vested on January 31, 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. Represents the weighted average of the shares sold. The prices of the shares sold pursuant to the transaction range from $0.1854 to $0.1903 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.
FAQ
What insider transaction did Mobix Labs (MOBX) disclose for CEO Philip Sansone?
Mobix Labs disclosed that CEO Philip Sansone sold 87,025 shares of Class A common stock on February 2, 2026. The filing states this was to cover taxes from recently vested restricted stock units, rather than a discretionary open-market sale.
Why did Mobix Labs (MOBX) CEO use a sell-to-cover transaction?
The Form 4 explains the sale was made solely to cover the CEO’s tax liability from restricted stock units that vested on January 31, 2026. A pre-arranged “sell to cover” election automatically sold shares to satisfy withholding obligations.
Does the Mobix Labs (MOBX) Form 4 indicate discretionary selling by the CEO?
No. The Form 4 states the CEO’s sale was executed under an irrevocable election to satisfy tax withholding via “sell to cover” transactions. It explicitly notes the transactions do not represent discretionary trades by the reporting person.