MIND Technology director granted 30,000 stock options
MIND TECHNOLOGY, INC director Thomas S. Glanville received a grant of options to purchase 30,000 shares of MII Common Stock at an exercise price of $4.77 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
MIND TECHNOLOGY, INC director Thomas S. Glanville received a grant of options to purchase 30,000 shares of MII Common Stock at an exercise price of $4.77 per share. The options expire on July 29, 2036 and vest in three equal installments on July 29 of 2027, 2028 and 2029, leaving him with 30,000 derivative securities reported after this award.
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 F1 | 30,000 | $4.77 | $143K |
Holdings After Transaction:
Option to Purchase Common Stock — 30,000 contracts (Direct)
Footnotes (1)
- F1. Options vest 1/3 on July 29, 2027, 1/3 on July 29, 2028 and 1/3 July 29, 2029.
Key Figures
Options Granted: 30,000 options
Exercise Price: $4.77 per share
Underlying Shares: 30,000 shares
+3 more
6 metrics
Options Granted
30,000 options
Grant of options to purchase MII Common Stock to director Thomas S. Glanville
Exercise Price
$4.77 per share
Exercise (conversion) price for the granted options
Underlying Shares
30,000 shares
Number of MII Common Stock shares underlying the granted options
Expiration Date
July 29, 2036
Expiration date of the option to purchase common stock
Post-Grant Derivative Holdings
30,000 options
Total derivative securities held following the reported transaction
Vesting Dates
July 29, 2027; 2028; 2029
Options vest one-third on each of these three dates
Key Terms
Option to Purchase Common Stock, vesting, derivative securities, exercise price
4 terms
Option to Purchase Common Stock financial
"security titled "Option to Purchase Common Stock" was granted"
vesting financial
"Options vest 1/3 on July 29, 2027, 1/3 on July 29, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative securities financial
"leaving him with 30,000 derivative securities reported after this award"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
exercise price financial
"exercise price of $4.77 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MIND (MIND) report for Thomas S. Glanville?
Thomas S. Glanville received a grant of options for 30,000 shares of MII Common Stock at an exercise price of $4.77 per share, expiring July 29, 2036, with vesting in three equal annual installments starting in 2027.
How many options were granted to the MIND (MIND) director and at what price?
Thomas S. Glanville was granted 30,000 stock options with an exercise price of $4.77 per share. These options relate to MII Common Stock and are scheduled to vest over three years beginning July 29, 2027, subject to the stated vesting schedule.
What is the vesting schedule for Thomas S. Glanville’s MIND (MIND) option grant?
The 30,000 options vest in three equal thirds: one-third on July 29, 2027, another third on July 29, 2028, and the final third on July 29, 2029. This staggered vesting spreads the director’s potential share ownership over three years.
When do Thomas S. Glanville’s MIND (MIND) options expire?
The granted options have an expiration date of July 29, 2036. After that date, any unexercised options will lapse. Until expiration, they may be exercised once vested, at the fixed exercise price of $4.77 per share, under applicable conditions.
What is Thomas S. Glanville’s reported derivative position in MIND (MIND) after this grant?
Following this award, Thomas S. Glanville is reported as directly holding 30,000 derivative securities in the form of stock options. These options correspond to 30,000 underlying shares of MII Common Stock, subject to the disclosed vesting and expiration terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
