Mynd.ai CRO ADS withheld to cover RSU taxes
Mynd.ai, Inc. Chief Revenue Officer Michael B. Strand reported a Form 4 entry where 4,216 American Depository Shares (ADS) at $0.3200 per ADS were withheld.
Rhea-AI Filing Summary
Mynd.ai, Inc. Chief Revenue Officer Michael B. Strand reported a Form 4 entry where 4,216 American Depository Shares (ADS) at $0.3200 per ADS were withheld. Each ADS represents ten ordinary shares of Mynd.ai, Inc.
The filing states this is not a sale by the reporting person. Instead, the ADS were withheld by the company to cover its income tax withholding and remittance obligations related to the vesting and net settlement of previously reported restricted stock units granted under its equity incentive plan. After this tax-withholding disposition, Strand directly holds 135,407 ADS.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | American Depository Shares ("ADS") | 4,216 | $0.32 | $1K |
Footnotes (2)
- F1. Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company").
- F2. This transaction is not a sale by the reporting person. Rather, the transaction represents ADS that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs") granted under the Issuer's equity incentive plan.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
equity incentive plan financial
income tax withholding financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mynd.ai (MYND) report for Michael B. Strand?
Was the Mynd.ai (MYND) Form 4 transaction an actual stock sale by the CRO?
How many Mynd.ai (MYND) ADS were withheld for taxes in this Form 4?
How many Mynd.ai (MYND) ADS does Michael B. Strand hold after the transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.