Director & 10% Owner Buys $8M in Mobia Medical Stock at IPO Price
MOBI is trading near its 52-week low of $11.11 (2.4% above the low).
Summary
A Director and 10% owner of Mobia Medical purchased nearly $8 million in company stock at the IPO price of $15.00, signaling strong confidence after the recent IPO and despite the stock trading below its IPO price.
Key Events · Ownership and Investor Activity · MOBI
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Significant Insider Purchase
Director and 10% owner William T. Harrington acquired 533,333 shares for $7,999,995.00 in an open market transaction on May 11, 2026.
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Purchase Above Current Market Price
The shares were bought at $15.00 each, notably higher than the current stock price of $11.38, and matches the recent IPO price.
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Post-IPO Conviction
This purchase follows Mobia Medical's Initial Public Offering on May 8, 2026, and is part of a cluster of insider buying, suggesting strong belief in the company's prospects from key stakeholders.
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Trading Near 52-Week Lows
The purchase occurs while the stock is trading near its 52-week low of $11.11, further highlighting the insider's conviction.
Analysis · MOBI · Industrial Applications And Services
William T. Harrington, a Director and 10% owner, made a substantial open market purchase of Mobia Medical shares for nearly $8 million. This purchase was executed at the IPO price of $15.00 per share, which is significantly above the current market price of $11.38. This transaction, alongside other recent insider purchases, indicates strong conviction from key stakeholders following the company's recent IPO, especially as the stock trades near its 52-week low.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MOBI was trading at $11.38 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $397M. The 52-week trading range was $11.11 to $12.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.