Presidio Management Group XII, L.L.C. 4
4 · Mobia Medical, Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Mobia (MOBI) 10% Owner Presidio Management Group XII Converts Derivatives
What Happened
- Presidio Management Group XII, L.L.C. (a reported 10% owner / general partner for U.S. Venture Partners funds) converted a series of derivative securities into common stock and reported a number of disposals on 2026-05-11. The filing shows four conversion (acquired) entries totaling 3,626,826 shares and six disposal (disposed) entries totaling 15,307,358.08 shares, for a net decrease of 11,680,532.08 shares. No transaction prices or dollar amounts are reported (all listed as N/A).
Key Details
- Transaction date: 2026-05-11; Form 4 filed: 2026-05-13.
- Conversions (acquired): 1,906,809; 96,772; 1,309,155; 314,090 — total 3,626,826 shares.
- Disposals (disposed, noted as derivative): 5,610,776; 1,030,642; 284,754; 52,306; 4,559,790; 3,769,090.08 — total 15,307,358.08 shares.
- Prices / dollar values: Not disclosed (N/A) in the filing.
- Shares owned after transaction: Not specified in the Form 4.
- Relevant footnotes: conversions reflect Series F and Series E-2 preferred and Convertible Notes converting into common stock immediately prior to the issuer’s IPO; Convertible Notes converted per a contractual formula. Securities are held by USVP funds; PMG XII is the GP and may be deemed to share voting/dispositive power. Managers disclaim beneficial ownership except for any pecuniary interest.
- Filing timeliness: Form 4 filed two days after the transactions; filing does not indicate lateness.
Context
- These were derivative conversions (preferred stock and convertible notes converting into common shares) and subsequent disposals — not a straightforward open-market buy/sell by an individual officer. Because the filing involves a 10% institutional owner and fund structures, the entries likely reflect contract-driven conversions and institutional allocation or disposition around the issuer’s IPO rather than typical insider sentiment trades.
- Because no prices or dollar amounts are disclosed, retail investors cannot infer the transaction value from this filing.
Insider Transaction Report
Form 4
Transactions
- Conversion
Common Stock
[F1][F2][F3][F4]2026-05-11+1,906,809→ 1,906,809 total(indirect: See Footnote) - Conversion
Common Stock
[F1][F3][F4][F5]2026-05-11+96,772→ 96,772 total(indirect: See Footnote) - Conversion
Common Stock
[F1][F3][F4][F6]2026-05-11+1,309,155→ 1,309,155 total(indirect: See Footnote) - Conversion
Common Stock
[F7][F3][F4][F6]2026-05-11+314,090→ 1,623,245 total(indirect: See Footnote) - Conversion
Series E-2 Preferred Stock
[F1][F2][F3][F4]2026-05-11−5,610,776→ 0 total(indirect: See Footnotes)→ Common Stock (1,610,903 underlying) - Conversion
Series F Preferred Stock
[F1][F2][F3][F4]2026-05-11−1,030,642→ 0 total(indirect: See Footnotes)→ Common Stock (295,906 underlying) - Conversion
Series E-2 Preferred Stock
[F1][F3][F4][F5]2026-05-11−284,754→ 0 total(indirect: See Footnotes)→ Common Stock (81,755 underlying) - Conversion
Series F Preferred Stock
[F1][F3][F4][F5]2026-05-11−52,306→ 0 total(indirect: See Footnotes)→ Common Stock (15,017 underlying) - Conversion
Series F Preferred Stock
[F1][F3][F4][F6]2026-05-11−4,559,790→ 0 total(indirect: See Footnotes)→ Common Stock (1,309,155 underlying) - Conversion
Convertible Notes
[F7][F3][F4][F8]2026-05-11−3,769,090.08→ 0 total(indirect: See Footnotes)→ Common Stock (314,090 underlying)
Footnotes (8)
- [F1]Each share of Series F Preferred Stock and Series E-2 Preferred Stock converted into Common Stock immediately prior to the completion of the Issuer's initial public offering (the "Offering") pursuant to its terms.
- [F2]These securities are held by U.S. Venture Partners XII, L.P. ("USVP XII").
- [F3]Presidio Management Group XII, L.L.C ("PMG XII") is the general partner of USVP XII and U.S. Venture Partners XII-A, L.P. ("USVP XII-A", and together with USVP XII, the "USVP XII Funds"). Presidio Management Group Select Fund I, L.L.C ("PMG SFI", and, together with USVP XII, USVP XII-A, U.S. Venture Partners Select Fund I, L.P. ("USVP SFI"), U.S. Venture Partners Select Fund I-A, L.P. ("USVP SFI-A"), and PMG XII, "USVP") is the general partner of USVP SFI and USVP SFI-A. PMG XII and PMG SFI may be deemed to share voting and dispositive power over the stock held by USVP.
- [F4]Jonathan D. Root, Richard W. Lewis, Dafina Toncheva and Steven M. Krausz are managing members of PMG XII and may be deemed to share voting and dispositive power over the reported securities held by the USVP XII Funds. In addition, Casey M. Tansey is the managing partner and a managing member of PMG XII and PMG SFI, respectively, and may be deemed to share voting and dispositive power over the reported securities held by USVP. Each such persons and entities disclaim beneficial ownership of the reported securities held by USVP, except to the extent of any pecuniary interest therein.
- [F5]These securities are held by USVP XII-A.
- [F6]These securities are held by USVP SFI, on its own behalf and as nominee for USVP SFI-A.
- [F7]The Convertible Notes automatically converted into Common Stock immediately prior to the closing of the Offering. The conversion price is the lower of (a) 80% of the Offering price per share and (b) the valuation of the Issuer immediately prior to the closing of the Offering divided by the number of fully diluted shares of capital stock (on an as-converted basis) outstanding immediately prior to Offering, excluding the Convertible Notes.
- [F8]Convertible Notes held by USVP SFI, on its own behalf and as nominee for USVP SFI-A.
Signature
Dale Holladay, Authorized Signatory on behalf of Presidio Management Group XII, L.L.C|2026-05-13