Rawat Prashant B. 4

What Happened Prashant B. Rawat, Chief Operating Officer of Mobia Medical, Inc. (MOBI), received an award of derivative securities on May 7, 2026 covering 181,820 underlying shares. The reported acquisition price is $0.00, indicating a grant of stock options (not an open-market purchase or sale). No immediate cash transaction or sale of shares occurred.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed 4 days after the transaction; Form 4 is typically due within 2 business days).
• Security/amount: Grant (derivative) covering 181,820 shares; reported price $0.00.
• Vesting: 25% of the underlying shares vest on May 7, 2027, thereafter vesting in 36 substantially equal monthly installments (per footnote).
• Shares owned after transaction: Not disclosed in this filing.
• Transaction code: A (award/grant).

Context This filing reports an option/award grant, which is a common form of executive compensation and does not represent an immediate buy or sell of stock. The economic value to the insider will depend on the option terms (exercise price, which was not specified in the Form 4) and future MOBI share price once options vest and, if exercised, are sold. The late filing (filed 4 days after the grant) is noted; timely Form 4 filings are generally required within 2 business days of reportable transactions.