MIND CTI (MNDO) CEO reports 200,000-share stock option grant

Rhea-AI Filing Summary

MIND CTI LTD CEO Ariel Glassner reported an initial holding of stock options on Ordinary Shares. The options cover 200,000 underlying shares at an exercise price of $1.972 per share and expire on November 5, 2029. They were granted on November 5, 2024 and vest in three annual tranches through 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Glassner Ariel

Role CEO

Type	Security	Shares	Price	Value
holding	Stock option (right to buy)	--	--	--

Holdings After Transaction: Stock option (right to buy) — 200,000 shares (Direct)

Footnotes (1)

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Key Figures

Option underlying shares: 200,000 shares Exercise price: $1.972 per share Option expiration: November 5, 2029 +3 more

6 metrics

Option underlying shares 200,000 shares Underlying Ordinary Shares for reported stock options

Exercise price $1.972 per share Stock option exercise price

Option expiration November 5, 2029 Stock option expiration date

First vesting tranche 100,000 options Vest on November 5, 2026

Second vesting tranche 50,000 options Vest on November 5, 2027

Third vesting tranche 50,000 options Vest on November 5, 2028

Key Terms

Stock option (right to buy), Ordinary Shares, exercise price, expiration date, +1 more

5 terms

Stock option (right to buy) financial

"security_title: "Stock option (right to buy)""

Ordinary Shares financial

"underlying_security_title: "Ordinary Shares""

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

exercise price financial

"conversion_or_exercise_price: "1.9720""

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.

expiration date financial

"expiration_date: "2029-11-05T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

vesting financial

"options were granted on November 5, 2024 and vest as follows"

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.

Understanding Insider Trading Forms →

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Glassner Ariel

(Last) (First) (Middle)

C/O MIND CTI LTD.

2 HACARMEL

(Street)

YOQNEAM ILIT

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
MIND CTI LTD [ MNDO ]

3a. Foreign Trading Symbol

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

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

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

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)

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 option (right to buy)	(1)	11/05/2029	Ordinary Shares	200,000	$1.972	D

Explanation of Responses:

1. The options were granted on November 5, 2024 and vest as follows: 100,000 options vest on November 5, 2026, 50,000 options vest on November 5, 2027, and the remaining 50,000 options vest on November 5, 2028.

Remarks:

This Form 3 has been filed after March 18, 2026 but on or prior to April 20, 2026 in reliance on the temporary relief made available to the directors and officers of certain foreign private issuers by the Staff of the Securities and Exchange Commission in its no-action letter dated March 13, 2026.

	/s/ Ariel Glassner	04/16/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position did MIND CTI (MNDO) CEO Ariel Glassner report?

Ariel Glassner reported holding stock options over 200,000 MIND CTI Ordinary Shares. These options represent a right to buy shares at a fixed exercise price and are disclosed as part of his initial beneficial ownership as an officer of the company.

What are the key terms of Ariel Glassner’s MIND CTI stock options?

The options allow purchase of 200,000 MIND CTI Ordinary Shares at an exercise price of $1.972 per share. They expire on November 5, 2029, providing a multi‑year window during which Glassner can choose to exercise if conditions make it attractive.

How do Ariel Glassner’s MIND CTI options vest over time?

The grant vests in three stages: 100,000 options vest on November 5, 2026, 50,000 options vest on November 5, 2027, and the remaining 50,000 options vest on November 5, 2028. Vesting schedules encourage longer‑term alignment between the CEO and shareholders.

Did Ariel Glassner buy or sell any MIND CTI shares in this filing?

The filing records a holding of stock options rather than a new purchase or sale of shares. It is an initial ownership statement showing existing derivative equity awards and does not indicate open‑market trading activity by the CEO in this specific disclosure.

What security type is reported in Ariel Glassner’s MIND CTI Form 3?

The filing reports a derivative security described as a “Stock option (right to buy)” with Ordinary Shares as the underlying security. This means Glassner currently holds a contractual right to acquire shares in the future rather than owning those underlying shares outright.