May 11, 2026 · Form 4 insider transaction
Osage University GP III, LLC bought 284,324 shares of MOBI Corp, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 1 day after the transaction.
The Convertible Notes automatically converted into Common Stock immediately prior to the closing of the Issuer's initial public offering (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.; The securities are held by Osage University Partners III, LP ("OUP III"). Osage University GP III, LLC ("OUP III GP") is the general partner of OUP III. William Harrington ("Mr. Harrington"), a member of the Issuer's board of directors, Robert Adelson and Marc Singer are the managers of OUP III GP (the "OUP III GP Managers"). Each of the OUP III GP Managers may be deemed to share voting and dispositive power over the shares held by OUP III. Each of OUP III GP and the OUP III GP Managers disclaims beneficial ownership over the securities held by OUP III, except to the extent of their pecuniary interests therein, if any.