MOBX: Director disposes 2.97M shares; holds convertible Class B and vested options
Rhea-AI Filing Summary
James J. Peterson, a director and reported >10% owner of Mobix Labs (MOBX), reported a material change in his equity holdings. On 05/30/2025 he disposed of 2,970,545 Class A common shares. The filing also shows Peterson holds vested stock options and convertible Class B shares that convert into Class A shares.
Specifically, Peterson holds 20,000 options exercisable at $4.18 (exp. 08/10/2030) and 133,416 options exercisable at $6.84 (exp. 04/04/2032), both fully vested. He also holds 1,449,275 Class B shares convertible into Class A, and received 915,033 Class B restricted stock awards (RSAs) on 05/30/2025 that vest 10% on May 30, 2026 and the remaining 90% in equal quarterly installments over the following 48 months.
Positive
- Received 915,033 Class B restricted stock awards on 05/30/2025 with a defined vesting schedule
- Holds fully vested options: 20,000 at $4.18 (ex. 08/10/2030) and 133,416 at $6.84 (ex. 04/04/2032)
- Holds 1,449,275 Class B shares that are convertible into Class A common stock
Negative
- Disposed of 2,970,545 Class A common shares on 05/30/2025, a materially large reported sale
Insights
TL;DR: Large insider disposition of 2.97M Class A shares alongside sizable long-term awards and vested options, producing mixed signals.
The filing records a substantial sale of Class A shares by a director and >10% owner, which is a material disposition by itself. Offsetting that, the reporting person retains multiple vested options and a sizeable holding of Class B convertible shares, and received 915,033 RSAs with a five-year vesting schedule. For investors, the combination signals both immediate liquidity from the disposition and continued tied economic interest via convertible shares and multi-year restricted awards.
TL;DR: Insider transaction combines a large sale with long-dated incentives, reflecting both cashing out and ongoing alignment through vesting awards.
The report documents both a significant disposal and new restricted awards subject to multi-year vesting, plus fully vested options. The Class B shares are explicitly convertible into Class A and include automatic conversion triggers. The RSA vesting schedule (10% after one year, then quarterly over 48 months) ties compensation to tenure. This structure is important for assessing insider incentives and potential future share supply from conversions and option exercises.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 915,033 | $0.00 | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- These options are fully vested and exercisable. The shares of Class B Common Stock are convertible into shares of Class A Common Stock at the option of the Reporting Person, and will be automatically converted upon (i) a transfer by the Reporting Person (other than a permitted transfer) or (ii) the first trading day after the seventh anniversary date of the Closing Date (December 21, 2023). The Class B restricted stock awards (the "RSAs") were granted to the Reporting Person on May 30, 2025, and will vest over five years as follows: (i) 10% of the RSAs will vest on the first anniversary of the grant date (May 30, 2026) and (ii) the remaining 90% will vest in equal quarterly installments over the remaining 48 months.
