MOBIX Labs CEO sells shares to cover taxes
MOBIX Labs, Inc. director and CEO Philip Sansone reported an open-market sale of 9,541 shares of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
MOBIX Labs, Inc. director and CEO Philip Sansone reported an open-market sale of 9,541 shares of Class A Common Stock. The shares were sold at a weighted average price of $2.3544 per share to cover tax liabilities from restricted stock units that vested on April 30, 2026, under an irrevocable sell-to-cover election and not as discretionary trades.
After these transactions, Sansone directly holds 175,431 shares of Class A Common Stock. The company effected a 1-to-10 reverse stock split on April 6, 2026, which reduced his direct holdings.
Insider Trade Summary
Net Seller: 9,541 shares
Net Sell
1 txn
Insider
SANSONE PHILIP
Role
Chief Executive Officer
Sold
9,541 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,541 | $2.3544 | $22K |
Holdings After Transaction:
Class A Common Stock — 175,431 shares (Direct)
Footnotes (3)
- F1. The reported shares were sold solely to cover the Reporting Person's tax liability associated with the restricted stock units that vested on April 30, 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 $2.32 to $2.42 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.
- F3. On April 6, 2026, Mobix Labs, Inc. effected a 1-to-10 reverse stock split which resulted in a reduction in the Reporting Person's direct holdings.
Key Figures
Shares sold: 9,541 shares
Weighted average sale price: $2.3544 per share
Sale price range: $2.32 to $2.42 per share
+2 more
5 metrics
Shares sold
9,541 shares
Open-market sale on April 30, 2026 to cover taxes
Weighted average sale price
$2.3544 per share
Tax-related sell-to-cover transaction
Sale price range
$2.32 to $2.42 per share
Range of prices in reported sales
Shares held after transaction
175,431 shares
Direct holdings following April 30, 2026 sale
Reverse stock split ratio
1-for-10
Reverse split effected on April 6, 2026
Key Terms
sell to cover, restricted stock units, weighted average price, reverse stock split
4 terms
sell to cover financial
"satisfy tax withholding obligations through "sell to cover" transactions and do not represent discretionary trades"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"tax liability associated with the restricted stock units that vested on April 30, 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.
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.
reverse stock split financial
"effected a 1-to-10 reverse stock split which resulted in a reduction"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MOBIX Labs (MOBX) CEO Philip Sansone report in this Form 4?
Philip Sansone reported selling 9,541 shares of MOBIX Labs Class A Common Stock. The filing explains these shares were sold solely to cover tax liabilities related to recently vested restricted stock units, under a pre-arranged sell-to-cover election rather than a discretionary trade.
Did a reverse stock split affect MOBIX Labs (MOBX) CEO Sansone’s holdings?
Yes. The filing states Mobix Labs, Inc. completed a 1-to-10 reverse stock split on April 6, 2026. This corporate action reduced Sansone’s direct share count proportionally, separate from the later tax-related sell-to-cover transaction reported in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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