Cohen Nissan Shoval 4

What Happened

• Nissan Shoval, VP of IT at MIND CTI Ltd (MNDO), exercised stock options on 2026-05-18. The filing reports acquisition of 5,000 shares via option exercise at $0.00 consideration (reported total $15). The same filing also shows a simultaneous disposition of 5,000 shares (derivative) at $0.00 (reported $0).
• An exercise (transaction code M) means the insider converted options into common shares. The filing does not explain the reason for the disposition shown alongside the acquisition.

Key Details

• Transaction date: 2026-05-18 (Form filed 2026-05-19; appears timely)
• Acquired: 5,000 shares via option exercise @ $0.00 (reported total consideration $15)
• Disposed: 5,000 shares (derivative) @ $0.00 (reported $0)
• Shares owned after transaction: not specified in the reported data
• Footnote: F1 — "The stock option is fully vested and currently exercisable."
• Transaction code: M = exercise or conversion of a derivative security

Context

• This was an option exercise (insider converted options into shares). The filing shows an offsetting disposition of the same number of shares; the document does not state whether shares were sold, withheld for taxes, or otherwise transferred.
• Exercises indicate the insider used vested options to acquire shares; paired dispositions are common in exercises (e.g., sell-to-cover or tax withholding) but the filing provides no explicit reason.