Mobia Medical (MOBI) COO Prashant B. Rawat Exercises Options

What Happened Prashant B. Rawat, Chief Operating Officer of Mobia Medical (MOBI), exercised stock options on September 2, 2026, resulting in the acquisition of 15,000 common shares at an exercise price of $3.38 per share for a total cash payment of $50,700. The filing also reports the disposition of the corresponding derivative instrument (the option) at $0.00, reflecting the conversion/exercise of the option into the underlying shares.

Key Details

• Transaction date: 2026-09-02
• Acquired: 15,000 shares at $3.38 per share; total cash outlay $50,700 (code M — option exercise)
• Disposed: 15,000 derivative units at $0.00 (reflects the option being exercised/converted)
• Footnote: F1 — the stock option was fully vested and exercisable
• Filing: Form 4 filed 2026-09-04 (reporting period 2026-09-02)
• Shares owned after transaction: not specified in the filing

Context This was an option exercise (insider converting options into shares) rather than an open-market purchase or a sale. The $0.00 disposition line is standard reporting for removing the derivative option instrument once it has been exercised. The exercise required a cash payment of $50,700; the filing does not indicate an immediate sale of the acquired shares.