MIND: Director Granted 30,000 Options at $8.64

Thomas S. Glanville, a director of Mind Technology, Inc. (MIND), was granted an option to purchase $8.64-priced common stock options for 30,000 shares with a transaction date of 10/06/2025.

Rhea-AI Filing Summary

Thomas S. Glanville, a director of Mind Technology, Inc. (MIND), was granted an option to purchase $8.64-priced common stock options for 30,000 shares with a transaction date of 10/06/2025. The options expire on 10/06/2035 and are reported as directly owned. Vesting is scheduled in three equal tranches: one-third on 10/06/2026, one-third on 10/06/2027, and one-third on 10/06/202810/08/2025 by an attorney-in-fact.

Positive

• 30,000‑share option grant aligns director incentives with long‑term shareholder value
• Time‑based vesting (one‑third each year through 10/06/2028) supports retention

Negative

• Potential dilution from 30,000 new shares if options are exercised
• Value depends on future stock price; options are outcomedependent until vested and exercised

Insights

Corporate Governance Analyst

Director received time‑vested stock options: 30,000 shares at $8.64, 10‑year term.

The award grants an option to purchase 30,000 shares at a $8.64 exercise price with an expiration of 10/06/2035. Vesting is time‑based in three equal tranches on 10/06/2026, 10/06/2027, and 10/06/2028

Key dependencies include future share price performance relative to the $8.64 strike and continued service through vesting dates. Monitor insider exercise activity and any amendment to the vesting schedule over the next 2026–2028 period.

Insider Trade Summary

Grant/Award: 30,000 shares

Grant/Award 1 txn

Insider GLANVILLE THOMAS S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Option to Purchase Common Stock	30,000	$8.64	$259K

Holdings After Transaction: Option to Purchase Common Stock — 30,000 contracts (Direct)

Footnotes (1)

1. F1. Options vest 1/3 on October 6, 2026, 1/3 on October 6, 2027 and 1/3 October 6, 2028.

FAQ

What did Thomas S. Glanville report on Form 4 for MIND?

He was granted an option to purchase 30,000 shares at an exercise price of $8.64 with a transaction date of 10/06/2025.

When do Glanville's options vest and when do they expire?

Vesting: one‑third on 10/06/2026, one‑third on 10/06/2027, one‑third on 10/06/2028. Expiration: 10/06/2035.

How are the reported options owned according to the filing?

The options are reported as directly owned following the reported transaction(s).

Who filed the Form 4 on behalf of Glanville and when was it signed?

Signed by Robert P. Capps, Attorney‑in‑Fact on 10/08/2025.

What is the exercise price for the option grant?

The exercise price is $8.64 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/08/2025 - 04:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GLANVILLE THOMAS S

(Last) (First) (Middle)

2001 KIRBY DRIVE, SUITE 1000

(Street)

HOUSTON TX 77019-6256

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MIND TECHNOLOGY, INC [ MIND ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Common Stock	$8.64	10/06/2025		A		30,000		(1)	10/06/2035	MII Common Stock	30,000	$8.64	30,000	D

Explanation of Responses:

1. Options vest 1/3 on October 6, 2026, 1/3 on October 6, 2027 and 1/3 October 6, 2028.

	/s/ Robert P. Capps, Attorney- in-Fact for Thomas S. Glanville	10/08/2025
	** 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 4 (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.