Rawat Prashant B. 4

What Happened

• Prashant B. Rawat, Chief Operating Officer of Mobia Medical, exercised stock options on June 10, 2026. The Form 4 shows acquisition of 15,000 shares at an exercise price of $3.38 per share (total cost $50,700).
• The same filing also reports a related derivative disposition of 15,000 shares at $0.00 (no cash proceeds reported). The filing does not explain the reason for that zero-dollar derivative disposition.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (timely filing).
• Acquired: 15,000 shares via option exercise at $3.38 each (total $50,700).
• Reported disposition: 15,000 derivative shares at $0.00 (no proceeds shown).
• Shares owned after the transactions: not stated in this filing.
• Footnote: the option vests 25% on June 27, 2023 and thereafter in 36 substantially equal monthly installments.

Context

• This was an option exercise (transaction code M). The filing does not show an open‑market sale of common shares tied to this exercise; it only reports the exercise and a zero‑dollar derivative disposition. The filing provides no explanation (e.g., tax withholding or share surrender) for the $0.00 disposition, so no conclusion about intent should be drawn.