Mynd.ai (NASDAQ: MYND) director receives 592,106 ADS equity grant at $0.38
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leung Lim Kin Simon reported acquisition or exercise transactions in this Form 4 filing.
Mynd.ai, Inc. director Leung Lim Kin Simon received an equity compensation award of 592,106 American Depository Shares (ADS) on July 2, 2026, at a reference price of $0.38 per ADS. This increased his direct holdings to 815,010 ADS.
The award consists of unvested restricted stock units (RSUs) that will be settled in ADSs. These RSUs vest in multiple tranches between January 10, 2027 and January 10, 2029, subject to the company’s equity incentive plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Leung Lim Kin Simon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | American Depository Shares ("ADS") | 592,106 | $0.38 | $225K |
Holdings After Transaction:
American Depository Shares ("ADS") — 815,010 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) 197,348 on January 10, 2027, (ii) 49,345 on April 10, 2027, (iii) 49,345 on July 10, 2027, (iv) 49,344 on October 10, 2027, (v) 49,345 on January 10, 2028, (vi) 49,345 on April 10, 2028, (vii) 49,344 on July 10, 2028, (viii) 49,345 on October 10, 2028 and (ix) 49,345 on January 10, 2029.
Key Figures
ADS granted: 592,106 ADS
Grant price per ADS: $0.38 per ADS
Holdings after transaction: 815,010 ADS
+3 more
6 metrics
ADS granted
592,106 ADS
Equity award on July 2, 2026
Grant price per ADS
$0.38 per ADS
Reference price for RSU award
Holdings after transaction
815,010 ADS
Director’s direct position post-grant
ADS to ordinary share ratio
1 ADS = 10 ordinary shares
Mynd.ai capital structure
First vesting tranche
197,348 ADS
Vests January 10, 2027
Subsequent vesting tranches
49,344–49,345 ADS each
Vest on dates from April 2027 to January 2029
Key Terms
American Depository Shares ("ADS"), restricted stock units ("RSUs"), equity incentive plan, vesting
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
"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.
vesting financial
"Such unvested RSUs vest as follows: (i) 197,348 on January 10, 2027, (ii) 49,345 on April 10, 2027"
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.
FAQ
What insider transaction did Mynd.ai (MYND) report for Leung Lim Kin Simon?
Mynd.ai reported that director Leung Lim Kin Simon received a grant of 592,106 American Depository Shares as equity compensation. The award was recorded at $0.38 per ADS and increased his direct holdings to 815,010 ADS after the transaction.
Was the Mynd.ai (MYND) Form 4 transaction a market purchase or a grant?
The Form 4 transaction was a grant, not a market purchase. The director acquired 592,106 ADS through a compensation award of unvested restricted stock units under Mynd.ai’s equity incentive plan, rather than buying shares on the open market.
How many Mynd.ai (MYND) ADS does the director hold after this Form 4?
Following the grant, director Leung Lim Kin Simon holds 815,010 American Depository Shares directly. This total includes the newly awarded 592,106 ADS represented by unvested restricted stock units that will settle in ADSs as they vest over time.
What is the vesting schedule for the Mynd.ai (MYND) RSU award?
The unvested RSUs vest in nine tranches between January 10, 2027, and January 10, 2029. Specific installments range from 49,344 to 197,348 ADS-equivalent units, each tied to scheduled vesting dates under the company’s equity incentive plan.