Mynd.ai (MYND) CRO sees 4,216 ADS withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mynd.ai, Inc. reported that Chief Revenue Officer Michael B. Strand had 4,216 American Depository Shares ("ADS") withheld by the issuer on July 10, 2026 at $0.4100 per ADS to satisfy income tax withholding obligations related to vesting restricted stock units.
This transaction is not a sale by the reporting person. After the withholding, Strand directly holds 1,054,876 ADS, each representing ten ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Strand Michael B.
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | American Depository Shares ("ADS") | 4,216 | $0.41 | $2K |
Holdings After Transaction:
American Depository Shares ("ADS") — 1,054,876 shares (Direct)
Footnotes (1)
- Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company"). 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
Tax withholding shares: 4,216 ADS
Price per ADS: $0.4100 per ADS
Holdings after transaction: 1,054,876 ADS
+1 more
4 metrics
Tax withholding shares
4,216 ADS
ADS withheld on July 10, 2026 to satisfy income tax obligations from RSU vesting
Price per ADS
$0.4100 per ADS
Value used for the tax-withholding disposition on July 10, 2026
Holdings after transaction
1,054,876 ADS
Direct ADS position of Michael B. Strand following the tax-withholding event
ADS to ordinary share ratio
10 ordinary shares per ADS
Each ADS represents ten ordinary shares, par value $0.001 per share
Key Terms
American Depository Shares ("ADS"), restricted stock units ("RSUs"), equity incentive plan
3 terms
restricted stock units ("RSUs") financial
"Vesting and net settlement of previously reported restricted stock units ("RSUs")."
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 Issuer's equity incentive plan."
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.
FAQ
What insider transaction did Mynd.ai (MYND) report for Michael B. Strand?
Mynd.ai disclosed that Chief Revenue Officer Michael B. Strand had 4,216 ADS withheld on July 10, 2026 at $0.4100 per ADS to satisfy income tax obligations from vesting restricted stock units. The company notes this is not a market sale by the reporting person.
How many Mynd.ai (MYND) ADS does Michael B. Strand hold after the transaction?
After the tax withholding, Michael B. Strand directly holds 1,054,876 ADS of Mynd.ai, Inc. Each ADS represents ten ordinary shares, so his ADS position corresponds economically to ten times as many underlying ordinary shares of the company.
Why were the Mynd.ai (MYND) ADS withheld from Michael B. Strand?
The ADS were withheld by Mynd.ai to satisfy its income tax withholding and remittance obligations arising from the vesting and net settlement of previously reported restricted stock units ("RSUs") that were granted to Michael B. Strand under the company’s equity incentive plan.