Mynd.ai (MYND) Chief Product Officer granted 1.16M ADS in multi-year RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mynd.ai, Inc. reported that Chief Product Officer Lance I. Solomon acquired 1,164,111 American Depository Shares (ADS) as a grant or award. The award is valued at $0.38 per ADS and is structured as unvested restricted stock units (RSUs) under the company’s equity incentive plan, settling in ADSs.
Each ADS represents ten ordinary shares of Mynd.ai, Inc. After this grant, Solomon directly holds 1,429,312 ADS. The unvested RSUs vest in scheduled tranches from January 10, 2027 through January 10, 2029, spreading the compensation over multiple years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Solomon Lance I.
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | American Depository Shares ("ADS") | 1,164,111 | $0.38 | $442K |
Holdings After Transaction:
American Depository Shares ("ADS") — 1,429,312 shares (Direct, null)
Footnotes (1)
- Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company"). 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) 387,998 on January 10, 2027, (ii) 97,014 on April 10, 2027, (iii) 97,014 on July 10, 2027, (iv) 97,014 on October 10, 2027, (v) 97,014 on January 10, 2028, (vi) 97,014 on April 10, 2028, (vii) 97,014 on July 10, 2028, (viii) 97,014 on October 10, 2028 and (ix) 97,015 on January 10, 2029.
Key Figures
ADS granted: 1,164,111 ADS
Grant price per ADS: $0.38 per ADS
Total ADS after transaction: 1,429,312 ADS
+4 more
7 metrics
ADS granted
1,164,111 ADS
Grant/award acquisition on July 2, 2026
Grant price per ADS
$0.38 per ADS
Value used for the RSU-related ADS grant
Total ADS after transaction
1,429,312 ADS
Direct holdings following the grant
ADS to ordinary share ratio
1 ADS = 10 ordinary shares
Defined in footnote F1
First RSU vesting tranche
387,998 ADS
Vests on January 10, 2027
Typical quarterly vesting tranche
97,014 ADS
Each of several tranches in 2027–2028
Final RSU vesting tranche
97,015 ADS
Vests on January 10, 2029
Key Terms
American Depository Shares ("ADS"), restricted stock units ("RSUs"), equity incentive plan, grant, award, or other acquisition
4 terms
restricted stock units ("RSUs") financial
"Represents ADS underlying unvested restricted stock units ("RSUs") granted under the Company's equity incentive plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
equity incentive plan financial
"unvested RSUs granted under the Company's equity incentive plan that are settled in ADSs"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did Mynd.ai (MYND) disclose for Lance I. Solomon?
Mynd.ai disclosed that Chief Product Officer Lance I. Solomon received 1,164,111 ADS as a grant. The award is a grant of unvested restricted stock units under the company’s equity incentive plan, settled in ADSs rather than a market purchase or sale.
How many Mynd.ai (MYND) ADS does Lance I. Solomon hold after this Form 4?
After the transaction, Lance I. Solomon holds 1,429,312 ADS of Mynd.ai. This total reflects his direct ownership following the 1,164,111 ADS grant reported, and represents his disclosed position after the compensation award recorded on the Form 4.
What is the value per Mynd.ai (MYND) ADS in Lance I. Solomon’s grant?
The reported value for the grant is $0.38 per ADS. This figure is used in the Form 4 to describe the transaction price per ADS for the 1,164,111 granted American Depository Shares awarded as compensation to the Chief Product Officer.
How are Mynd.ai (MYND) ADS defined in this insider filing?
Each Mynd.ai ADS represents ten ordinary shares of the company. The footnote explains that every American Depository Share corresponds to ten ordinary shares with a par value of $0.001 per share, clarifying the relationship between ADSs and the underlying equity.
When do Lance I. Solomon’s Mynd.ai (MYND) RSUs begin vesting?
The unvested RSUs underlying the ADS grant begin vesting on January 10, 2027. Additional tranches then vest on multiple dates through January 10, 2029, spreading the equity-based compensation over several years based on the disclosed schedule.
How are the Mynd.ai (MYND) RSUs in this Form 4 structured over time?
The RSUs vest in nine scheduled tranches between 2027 and 2029. One larger tranche vests January 10, 2027, followed by equal quarterly vestings in 2027 and 2028, and a final tranche on January 10, 2029, all settling in ADSs.