MIND CTI (MNDO) awards 200,000 stock options to Chief Business Officer Sorokin
Rhea-AI Filing Summary
MIND CTI Ltd reported that Chief Business Officer Orly Sorokin received a grant of 200,000 stock options on August 6, 2026. The options have an exercise price of $1.03 per share and expire on August 6, 2031. They vest in tranches: 100,000 on August 6, 2028, 50,000 on August 6, 2029, and 50,000 on August 6, 2030, and represent a new direct derivative holding of 200,000 underlying ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sorokin Orly
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) F1 | 200,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock option (right to buy) — 200,000 shares (Direct)
Footnotes (1)
- F1. The options were granted on August 6, 2026 and vest as follows: 100,000 options vest on August 6, 2028, 50,000 options vest on August 6, 2029, and the remaining 50,000 options vest on August 6, 2030.
Key Figures
Options Granted: 200,000 options
Exercise Price: $1.03 per share
Underlying Shares: 200,000 ordinary shares
+5 more
8 metrics
Options Granted
200,000 options
Stock option (right to buy) grant on August 6, 2026
Exercise Price
$1.03 per share
Conversion or exercise price for granted options
Underlying Shares
200,000 ordinary shares
Shares underlying the derivative security
Post-Grant Derivative Holdings
200,000 options
Total derivative shares following the transaction
Vesting Tranche 1
100,000 options
Vesting on August 6, 2028
Vesting Tranche 2
50,000 options
Vesting on August 6, 2029
Vesting Tranche 3
50,000 options
Vesting on August 6, 2030
Option Expiration
August 6, 2031
Expiration date of the granted options
Key Terms
Stock option (right to buy), conversion or exercise price, vesting, expiration date
4 terms
Stock option (right to buy) financial
"security_title: Stock option (right to buy)"
conversion or exercise price financial
"conversion_or_exercise_price: 1.0300"
vesting financial
"options were granted ... 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.
expiration date financial
"expiration_date: 2031-08-06"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MIND CTI (MNDO) disclose about Orly Sorokin in this Form 4?
MIND CTI (MNDO) disclosed that Chief Business Officer Orly Sorokin received a grant of 200,000 stock options on August 6, 2026, with an exercise price of $1.03 per share and multi-year vesting through 2030.
How many stock options did Orly Sorokin receive from MIND CTI (MNDO)?
Orly Sorokin received 200,000 stock options from MIND CTI (MNDO). These options relate to 200,000 underlying ordinary shares and are held as a direct derivative position following the reported grant.
What is the exercise price of Orly Sorokin’s options at MIND CTI (MNDO)?
The exercise price of Orly Sorokin’s options at MIND CTI (MNDO) is $1.03 per share. This strike price applies to all 200,000 granted options tied to the company’s ordinary shares.
When do Orly Sorokin’s MIND CTI (MNDO) options vest?
The options vest in stages: 100,000 on August 6, 2028, 50,000 on August 6, 2029, and 50,000 on August 6, 2030. All vesting dates are referenced directly in the grant’s footnote.
What is the expiration date of the options granted to Orly Sorokin at MIND CTI (MNDO)?
The options granted to Orly Sorokin at MIND CTI (MNDO) expire on August 6, 2031. After this expiration date, any unexercised portion of the 200,000 options can no longer be exercised.