MIND CTI (MNDO) Chief Business Officer Orly Sorokin Receives Award

What Happened

• Orly Sorokin, Chief Business Officer of MIND CTI LTD (MNDO), received a grant of 200,000 derivative awards (reported as acquisition A) on August 6, 2026. The filing reports a price of $0.00, indicating an option/award grant rather than an open-market purchase; no cash value or exercise price is provided in the transaction line.

Key Details

• Transaction date: August 6, 2026; Form 4 filed August 10, 2026 (timely).
• Transaction type: Award/grant of 200,000 derivative securities (options/awards), reported as acquisition (A) @ $0.00.
• Vesting (from footnote): 100,000 options vest Aug 6, 2028; 50,000 vest Aug 6, 2029; 50,000 vest Aug 6, 2030.
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax-withholding, or exercise/sale reported in this filing.

Context

• These are grant-style option awards, not an immediate purchase or sale of shares. The options vest over multiple years, so they represent future compensation conditional on continued service (and possibly other vesting conditions). Because no exercise or sale occurred, this filing does not reflect immediate insider buying or selling of stock.