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Mynd.ai (MYND) CRO sees 4,216 ADS withheld for tax obligations

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
American Depository Shares ("ADS") financial
"Security title American Depository Shares ("ADS") of Mynd.ai, Inc."
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.
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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.

Was the Mynd.ai (MYND) transaction a sale of shares?

No. The company states that the transaction is not a sale by the reporting person. Instead, the ADS were withheld by the issuer to satisfy income tax withholding and remittance obligations associated with the net settlement of previously granted RSUs.

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.

What do Mynd.ai (MYND) ADS represent in terms of ordinary shares?

Each Mynd.ai American Depository Share ("ADS") represents ten ordinary shares, par value $0.001 per share. Investors can use this ratio to understand how ADS figures relate to the underlying ordinary share count for ownership comparisons.

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.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Strand Michael B.

(Last)(First)(Middle)
4550 NORTH POINT PARKWAY, SUITE 370
C/O MYND.AI, INC.

(Street)
ALPHARETTA GEORGIA 30022

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Mynd.ai, Inc. [ MYND ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Revenue Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
American Depository Shares ("ADS")(1)07/10/2026F4,216(2)D$0.411,054,876D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company").
2. 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.
Remarks:
/s/ Allyson G. Krause, Attorney-in-Fact07/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)