MindWalk (NASDAQ: HYFT) insiders add shares and report major RSU grants
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
MindWalk Holdings Corp. reported recent insider activity mirrored from Canada’s SEDI system. During March 18–27, 2026, insiders Tom Lynch and Scott Areglado acquired a combined 66,500 common shares in open-market purchases, deploying $77,024 at an average price of $1.1583 per share over three trading days.
Lynch bought 40,000 shares and now holds 41,026 common shares, or 0.09% of outstanding shares, while Areglado bought 26,500 shares and now holds 26,500 common shares, or 0.06% of outstanding shares. The report also highlights previously granted restricted stock units: 225,000 RSUs to Lynch and 185,000 RSUs to Areglado, each expiring on 2029-10-29. MindWalk notes it is exempt from Section 16 reporting and is providing this update voluntarily for U.S. investors.
Positive
- None.
Negative
- None.
Key Figures
Total shares acquired: 66,500 common shares
Total capital deployed: $77,024
Average purchase price: $1.1583 per share
+5 more
8 metrics
Total shares acquired
66,500 common shares
Open-market purchases during March 18–27, 2026
Total capital deployed
$77,024
Cost of insider share purchases, all prices in USD (NASDAQ)
Average purchase price
$1.1583 per share
Combined average for March 18, 19, 27, 2026 trades
Tom Lynch shares acquired
40,000 shares
Direct open-market purchases reported with SEDI IDs 4691021, 4691028
Scott Areglado shares acquired
26,500 shares
Direct open-market purchase reported with SEDI ID 4690837
Tom Lynch RSU grant
225,000 RSUs
Restricted stock units granted 2025-10-29, expiring 2029-10-29
Scott Areglado RSU grant
185,000 RSUs
Restricted stock units granted 2025-10-29, expiring 2029-10-29
Post-trade ownership percentages
0.09% and 0.06% O/S
Tom Lynch and Scott Areglado common share stakes after trades
Key Terms
foreign private issuer, Section 16 of the Exchange Act, System for Electronic Disclosure by Insiders (SEDI), restricted stock unit, +2 more
6 terms
foreign private issuer regulatory
"This Form 6-K is furnished ... by the foreign private issuer under the Exchange Act."
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Section 16 of the Exchange Act regulatory
"The Company is exempt from Section 16 of the Exchange Act including Form 4 requirements..."
System for Electronic Disclosure by Insiders (SEDI) regulatory
"visibility into transactions reported on Canada’s System for Electronic Disclosure by Insiders ("SEDI")..."
restricted stock unit financial
"RSU grants: 225,000 to T. Lynch ... 185,000 to S. Areglado..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Form 4 requirements regulatory
"exempt from Section 16 of the Exchange Act including Form 4 requirements..."
insider activity report financial
"SEDI Insider Activity Report dated March 31, 2026"
FAQ
What RSU grants for MindWalk Holdings (HYFT) insiders are disclosed?
The report lists restricted stock unit grants previously reported on SEDI. Tom Lynch received 225,000 RSUs and Scott Areglado 185,000 RSUs, each granted on 2025-10-29 and expiring on 2029-10-29, with underlying common share balances matching the RSU counts.
Is MindWalk Holdings required to file U.S. Section 16 insider reports like Form 4?
MindWalk states it is a foreign private issuer exempt from Section 16 of the Exchange Act, including Form 4 filings. The company notes this 6-K is a voluntary submission to give U.S. market participants visibility into SEDI-reported insider transactions.
Which period does the MindWalk (HYFT) SEDI insider activity report cover?
The SEDI insider activity summary covers March 18–27, 2026, with trades executed over three trading days. It consolidates SEDI transaction IDs, share counts, prices, and updated insider positions, all converted to USD NASDAQ pricing for comparability.