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MIND Form 4 — 30,000 options awarded to director at $8.64

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Insider option grant recorded for MIND TECHNOLOGY, INC (MIND). A Form 4 shows Director Peter H. Blum received an option to purchase 30,000 shares of common stock with an exercise price of $8.64. The table lists the option as exercisable on 10/06/2025 and expiring on 10/06/2035, while the explanatory note states the options vest in three equal tranches: 10/06/2026, 10/06/2027, and 10/06/2028. The filing was executed by an attorney-in-fact and reports direct beneficial ownership of the underlying 30,000 shares after the transaction.

Positive

  • 30,000 options align director compensation with shareholder value over multiple years
  • Exercise price is explicitly stated at $8.64, providing transparency

Negative

  • Potential timing inconsistency between table exercisability date (10/06/2025) and vesting schedule (first vest on 10/06/2026)
  • Concentrated single grant of 30,000 options could represent a meaningful future dilution if exercised

Insights

Director received time‑based stock options aligning pay with multi‑year performance.

The grant of 30,000 options at an exercise price of $8.64 creates an incentive link between the director's compensation and future share performance across a multi‑year window. The listed exercisability date (10/06/2025) and the stated vesting schedule (one‑third on 10/06/2026, 10/06/2027, 10/06/2028) indicate staged realization of value rather than immediate transfer.

Dependencies and short risks include the company's future stock price relative to the strike price and the timing mismatch between the table's exercisability date and the separate vesting explanation; investors should note the vesting dates as the concrete timeline for when value vests for the director over the next three years.

Insider BLUM PETER H
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 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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*
BLUM PETER H
(Last) (First) (Middle)
4 TRAPPING WAY
(Street)
PLEASANTVILLE NY 10570
(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 Peter H. Blum 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did MIND (MIND) report on this Form 4?

The Form 4 reports that Director Peter H. Blum was granted an option to purchase 30,000 shares at an exercise price of $8.64.

When can the option be exercised and when does it expire?

The table lists the option as exercisable on 10/06/2025 and expiring on 10/06/2035.

What is the vesting schedule for the options?

The explanatory note states vesting occurs in three equal tranches: 10/06/2026, 10/06/2027, and 10/06/2028.

How many shares will the reporting person beneficially own after the transaction?

The filing shows beneficial ownership of 30,000 underlying shares following the reported transaction.

Who signed the Form 4 submission?

The filing was signed by Robert P. Capps, Attorney‑in‑Fact for Peter H. Blum on 10/08/2025.