MIND Technology, Inc. (MIND) grants director 30,000 stock options
Rhea-AI Filing Summary
MIND Technology, Inc. director William Hunter Hilarides received a grant of options to purchase 30,000 shares of common stock at an exercise price of $4.77 per share. These options expire on July 29, 2036 and vest in three equal annual installments from July 29, 2027 through July 29, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hilarides William Hunter
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 shares (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
Option to Purchase Common Stock granted to director on 2026-07-29
Exercise price
$4.77 per share
Conversion or exercise price of the stock options
Underlying shares
30,000 shares
MII Common Stock underlying the option grant
Post-transaction options held
30,000 options
Total derivative securities following the reported grant
Option expiration
July 29, 2036
Expiration date of the granted stock options
Vesting dates
2027-07-29, 2028-07-29, 2029-07-29
Options vest 1/3 on each of the three stated dates
Key Terms
Option to Purchase Common Stock, vest, underlying security
3 terms
Option to Purchase Common Stock financial
"security_title: Option to Purchase Common Stock"
vest financial
"Options vest 1/3 on July 29, 2027, 1/3 on July 29, 2028"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
underlying security financial
"underlying security title listed as MII Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MIND (MIND) report in this Form 4?
MIND Technology reported that director William Hunter Hilarides received a grant of stock options for 30,000 shares of common stock. The grant is a derivative security award, not an open-market purchase or sale of existing shares.
How many stock options were granted to the MIND (MIND) director and at what price?
The director was granted 30,000 stock options, each with an exercise price of $4.77 per share. These options are exercisable into MIND common stock, giving the right to buy shares at that fixed price if the options vest and are exercised.
What is the vesting schedule for the MIND (MIND) director’s new options?
The options vest in three equal tranches: 1/3 on July 29, 2027, 1/3 on July 29, 2028, and 1/3 on July 29, 2029. Vesting must occur before the director can exercise each portion of the grant.
When do the newly granted MIND (MIND) stock options expire?
The granted options have an expiration date of July 29, 2036. After this date, any unexercised options will lapse and can no longer be used to purchase MIND Technology common stock.
Is the MIND (MIND) Form 4 transaction a buy or sell of common stock?
The Form 4 reports an acquisition of derivative securities through a stock option grant, coded as a grant/award. It does not report any open-market purchase or sale of MIND Technology common stock.
What is the director’s reported holdings after this MIND (MIND) option grant?
After the transaction, the director is reported as holding 30,000 stock options directly. Each option is exercisable for one share of MIND common stock, subject to the stated vesting schedule and the 2036 expiration date.