[Form 3] Mistras Group, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Eileen Mary Coggins, EVP & Chief Legal Officer of Mistras Group, Inc. (MG), reported initial beneficial ownership on Form 3.

She directly owns 15,000 shares of common stock and holds options to buy 25,000 shares

An award of 15,000 restricted stock units will vest 100% on the first anniversary of the grant. The reported option exercise date begins 09/15/2026 with expiration 09/15/2035 and exercise price $9.55.

Insights

Corporate Governance Expert

TL;DR: Insider filing documents officer ownership and standard equity awards; disclosure is routine and supports alignment with shareholders.

The Form 3 notifies investors that the company's EVP & Chief Legal Officer holds direct common stock and standard stock options plus RSUs vesting after one year. The filing is procedural, ensuring Section 16 compliance. The absolute amounts reported (15,000 shares; 25,000 options) are modest relative to typical market caps and convey limited governance signal beyond routine equity compensation.

Securities Analyst

TL;DR: Initial ownership disclosure is informational and unlikely to move valuation given small position and standard vesting schedule.

The submission shows direct ownership and a time‑restricted incentive structure: RSUs vesting 100% after one year and options exercisable from 09/15/2026 through 09/15/2035 at $9.55. This documents compensation mechanics and insider alignment but lacks materiality thresholds such as percentage ownership or large transfers that would affect investor views.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Coggins Eileen Mary

(Last) (First) (Middle)

195 CLARKSVILLE ROAD

(Street)

PRINCETON JUNCTION NJ 08550

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2025

3. Issuer Name and Ticker or Trading Symbol
Mistras Group, Inc. [ MG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Legal Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	15,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options(Right to Buy)	09/15/2026	09/15/2035	Stock Options (Right to Buy)	25,000	$9.55	D

Explanation of Responses:

1. Represents an award of restricted stock units that will vest 100% on the first anniversary date of the grant.

	/s/Michael C. Keefe, attorney-in-fact for Eileen Mary Coggins	09/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Eileen Mary Coggins report on Form 3 for Mistras Group (MG)?

She reported direct ownership of 15,000 common shares and stock options to buy 25,000 shares, plus 15,000 restricted stock units vesting in one year.

When do the reported stock options become exercisable and when do they expire?

The options are exercisable beginning 09/15/2026 and expire on 09/15/2035.

What is the exercise price of the stock options reported on the Form 3?

The exercise price is $9.55 per share.

What is the vesting schedule for the restricted stock units reported?

The Form 3 explains the 15,000 restricted stock units will vest 100% on the first anniversary of the grant.

What role does the reporting person hold at Mistras Group?

The reporting person is listed as EVP & Chief Legal Officer and an officer of the company.