Mynd.ai CRO granted 923,685 ADS equity award
Strand Michael B. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Strand Michael B. reported acquisition or exercise transactions in this Form 4 filing.
Mynd.ai, Inc. reported that Chief Revenue Officer Michael B. Strand received a grant of 923,685 American Depositary Shares (ADS) as equity compensation. The award was valued at $0.38 per ADS for reporting purposes and is structured as restricted stock units that settle in ADSs.
Each ADS represents ten ordinary shares of Mynd.ai, Inc. Following this grant, Strand directly holds 1,059,092 ADS. The RSUs vest in scheduled tranches from January 10, 2027 through January 10, 2029, aligning his compensation with the company’s longer-term performance.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | American Depository Shares ("ADS") | 923,685 | $0.38 | $351K |
Footnotes (2)
- F1. Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company").
- F2. Represents ADS underlying unvested restricted stock units ("RSUs") granted under the Company's equity incentive plan that are settled in ADSs. Such unvested RSUs vest as follows: (i) 307,864 on January 10, 2027, (ii) 76,977 on April 10, 2027, (iii) 76,978 on July 10, 2027, (iv) 76,978 on October 10, 2027, (v) 76,977 on January 10, 2028, (vi) 76,978 on April 10, 2028, (vii) 76,977 on July 10, 2028, (viii) 76,978 on October 10, 2028 and (ix) 76,978 on January 10, 2029.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
equity incentive plan financial
grant, award, or other acquisition financial
FAQ
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What did Mynd.ai (MYND) disclose about Michael B. Strand’s recent equity award?
How many Mynd.ai (MYND) ADS does Michael B. Strand hold after this Form 4 transaction?
What type of transaction is reported in Mynd.ai (MYND) executive Michael B. Strand’s Form 4?
How and when do Michael B. Strand’s Mynd.ai (MYND) restricted stock units vest?
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