Green Park & Golf Ventures II, LLC 4

What Happened
Green Park & Golf Ventures II, LLC — reported as a 10% owner of Mobia Medical, Inc. (MOBI) — made an open-market purchase of 81,000 common shares on May 11, 2026 at $15.00 per share for a total of $1,215,000 (transaction code P). The filing also reports conversions of Series C preferred/derivative securities into common stock: one conversion resulting in 71,202 common shares acquired and another conversion entry showing 248,000 derivative securities disposed (transaction code C). Footnote F1 explains Series C preferred shares were converted into common immediately prior to the issuer’s IPO pursuant to their terms.

Key Details

• Transaction date: 2026-05-11 (reported on Form 4 filed 2026-06-29) — filing marked late (timeliness code: L).
• Open-market purchase: 81,000 shares at $15.00 each = $1,215,000 (code P).
• Conversions reported: +71,202 common shares (conversion of Series C preferred) and a conversion-related disposition of 248,000 derivative securities (code C).
• Shares owned after transaction: not specified in this single Form 4 — this filing is the fourth of five related Forms 4 that together report total holdings for multiple related reporting persons.
• Footnotes: securities are held by affiliated entities (MTI 2015 and MOBI); GPG Ventures II is managing member and three managers (Clay M. Heighten, MD; Carl D. Soderstrom; Gilbert G. Garcia II) share voting/dispositive power and may be deemed beneficial owners (F2–F4).
• No 10b5-1 plan, tax withholding, or immediate sale after exercise noted in this filing.

Context

• The purchase is a direct cash buy (bullish signal in that insiders/institutions increasing position), while the conversion entries reflect corporate restructurings tied to Series C preferred stock being converted into common stock around the company’s IPO.
• This is institutional/affiliate activity by a 10% owner and related entities, not an individual officer’s routine sale; motivations can include IPO lockup mechanics or portfolio/structural changes rather than a simple buy/sell decision.
• Because the Form 4 was filed late and the full holdings are split across five filings, investors should review the related Forms 4 for a complete picture of aggregate ownership and any additional transactions.