Leavitt Chase C. 4

What Happened
Chase C. Leavitt, General Counsel and Corporate Secretary of Mobia Medical (MOBI), made two insider transactions. On May 11, 2026 he purchased 3,000 shares in an open-market transaction at $15.00 per share for a total of $45,000 (code P). On May 7, 2026 he received a derivative equity award of 175,760 shares reported at $0.00 (code A) — a stock-based grant subject to vesting.

Key Details

• Transactions reported: May 7, 2026 (award of 175,760 derivative shares, $0.00) and May 11, 2026 (open-market purchase of 3,000 shares at $15.00, $45,000 total).
• Transaction types: A = Award/Grant (derivative); P = Purchase (open market).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The award is subject to vesting — 25% vests on May 7, 2027, then vests in 36 substantially equal monthly installments thereafter.
• No filing-timeliness exception or 10b5-1 plan is indicated in the provided details.

Context
The open-market purchase is a direct buy of common stock (a straightforward bullish signal insofar as purchases indicate personal investment). The larger 175,760-share entry is a derivative equity award (vesting over time) and does not represent immediately tradable shares unless and until vested and delivered. As always, awards and routine purchases by insiders are factual disclosures and not proof of future company performance.