This is a rare, high-conviction insider cluster buy at a uniform price of $15.00, with directors and 10% owners leading the charge. The absence of any insider sales (CFO's tax-withholding is non-economic) and the concentration on a single date suggest a coordinated re-rating catalyst. Monitor for upcoming press releases, earnings, or clinical/regulatory milestones — the cluster likely precedes material positive news. The $15.00 level may act as a floor given insider conviction.
Price Chart
Executive Summary
A cluster of six insiders at Mobia Medical (MOBI) purchased a total of ~$11.02M in open-market shares at $15.00 on May 11, 2026, representing ~2.75% of the company's $400M market cap. The buying is concentrated among directors and 10% owners, with the largest purchases from Harrington ($4.0M), Osage University GP ($4.0M), and Lucchese ($1.88M).
Key Financial Metrics
Key Facts
- Six insiders purchased ~$11.02M in open-market shares on May 11, 2026, all at $15.00/share
- Total purchases represent ~2.75% of MOBI's $400M market cap, exceeding the 2% materiality threshold
- Largest buyers: William T. Harrington (Director, 10% Owner) at $4.0M, Osage University GP III (10% Owner) at $4.0M, Cynthia L. Lucchese (Director) at $1.88M
- CFO Nelson Bunker Curnes converted derivatives and sold 13,684 shares for ~$200K, but this is a tax-withholding transaction (code F) with no net economic sale
- No 10b5-1 plan pattern detected — all buys are concentrated on a single date with no prior regular sales
- Cross-filing calibration shows cluster-insider-trades + cluster-press-context as an amplifier (PMI=2.11, q=0.000)
Financial Impact
~$11.02M in insider purchases at $15.00/share, representing 2.75% of market cap
Risk Factors
- Insider buys do not guarantee near-term stock appreciation; the stock could trade lower if the anticipated catalyst fails to materialize
- The CFO's derivative conversions and small tax-withholding sale could indicate personal liquidity needs, not a bearish signal
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MOBI-1778716779116 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K/A | $8.81 | awaiting T+60 | — | $11.14 (+26.45%) |
Oct 15, 2026 11d ago | Press Release | $8.09 | awaiting T+60 | — | $11.14 (+37.70%) |
Aug 20, 2026 9w ago | Insider Buy | $10.61 | awaiting T+60 | — | $11.14 (+5.00%) |
Aug 17, 2026 10w ago | Insider Buy | $11.73 | awaiting T+60 | — | $11.14 (−5.03%) |
Jun 29, 2026 17w ago | Insider Cluster | $13.40 $9.16 | ▼ −31.64% | ▼ −34.46% | $11.14 (−16.87%) |
Jun 11, 2026 19w ago | Insider Buy | $12.31 $11.09 | ▼ −9.91% | ▼ −13.17% | $11.14 (−9.50%) |
May 11, 2026 24w ago | Insider Cluster | $12.00 $12.25 | ▲ +2.08% | ▼ −2.31% | $11.14 (−7.17%) |
May 11, 2026 24w ago | Insider Cluster | $12.00 $12.25 | ▲ +2.08% | ▼ −2.31% | $11.14 (−7.17%) |
May 8, 2026 24w ago | EFFECT | $11.75 $11.84 | ▲ +0.77% | ▼ −4.07% | $11.14 (−5.19%) |
May 7, 2026 24w ago | 3 | $11.75 $11.84 | ▲ +0.77% | ▼ −4.07% | $11.14 (−5.19%) |
US Market Status
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