MIND CTI (MNDO) VP of IT exercises 5,000 stock options into Ordinary Shares

Rhea-AI Filing Summary

MIND CTI LTD VP of IT Cohen Nissan Shoval exercised stock options to acquire 5,000 Ordinary Shares at an exercise price of $0.003 per share. The exercised options converted into shares, leaving no remaining options from this grant and bringing his direct holdings to 30,300 Ordinary Shares.

Insider Trade Summary

5,000 shares exercised/converted

Mixed 2 txns

Insider Cohen Nissan Shoval

Role VP of IT

Type	Security	Shares	Price	Value
Exercise	Stock option (right to buy)	5,000	$0.00	--
Exercise	Ordinary Shares	5,000	$0.003	$15.00

Holdings After Transaction: Stock option (right to buy) — 0 shares (Direct, null); Ordinary Shares — 30,300 shares (Direct, null)

Footnotes (1)

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Key Figures

Options exercised: 5,000 shares Exercise price: $0.003 per share Shares held after transaction: 30,300 shares +2 more

5 metrics

Options exercised 5,000 shares Stock option exercise into Ordinary Shares on May 18, 2026

Exercise price $0.003 per share Exercise or conversion price for 5,000 options

Shares held after transaction 30,300 shares Direct Ordinary Share holdings following the exercise

Options remaining from this grant 0 shares Total shares following transaction for the reported stock option

Option expiration date May 12, 2027 Original expiration date of exercised stock option grant

Key Terms

Stock option (right to buy), Ordinary Shares, derivative security

3 terms

Stock option (right to buy) financial

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

Ordinary Shares financial

"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.

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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^*

Cohen Nissan Shoval

(Last) (First) (Middle)

C/O MIND CTI LTD.

2 HACARMEL

(Street)

YOQNEAM ILIT

(City) (State) (Zip)

ISRAEL

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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
Ordinary Shares	05/18/2026		M		5,000	A	$0.003	30,300	D

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
Stock option (right to buy)	$0.003	05/18/2026		M			5,000	(1)	05/12/2027	Ordinary Shares	5,000	$0	0	D

Explanation of Responses:

1. The stock option is fully vested and currently exercisable.

	/s/ Shoval Cohen Nissan	05/19/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did MIND CTI (MNDO) report for Cohen Nissan Shoval?

MIND CTI reported that VP of IT Cohen Nissan Shoval exercised stock options to acquire 5,000 Ordinary Shares. This was a derivative exercise, not an open-market purchase, and increased his directly held position without any corresponding share sale in this filing.

At what price were the MNDO stock options exercised by the VP of IT?

The VP of IT exercised 5,000 stock options at an exercise price of $0.003 per Ordinary Share. This low exercise price reflects the terms of the existing option grant, not the market trading price of MIND CTI (MNDO) shares on that date.

How many MIND CTI (MNDO) shares does the insider hold after this Form 4?

Following the option exercise, Cohen Nissan Shoval directly holds 30,300 Ordinary Shares of MIND CTI. This figure reflects his position after converting 5,000 options into shares and having no remaining shares under that particular option grant in this filing.

Did the MIND CTI (MNDO) insider sell any shares in this Form 4 filing?

The Form 4 shows no open-market sales by the insider. It reports only the exercise of 5,000 stock options into Ordinary Shares, with transaction code M indicating an exercise or conversion of a derivative security rather than a buy or sell in the market.

What happened to the exercised MIND CTI (MNDO) stock options after conversion?

After exercising 5,000 options into Ordinary Shares, the reported balance for that specific stock option grant is zero. The footnote states the option was fully vested and exercisable, and this filing shows that particular derivative position fully converted into common equity.