MIND Director William Hilarides Receives 30,000-Share Option Award

What Happened
William Hilarides, a director of MIND Technology, Inc. (MIND), was granted a derivative award on July 29, 2026 covering 30,000 shares with a grant price of $4.77 per share (total grant value reported as $143,100). This filing reports an award/grant (transaction code A), not an open-market buy or sale.

Key Details

• Transaction date: 2026-07-29; filing date: 2026-07-31 (appears timely).
• Instrument: Derivative award (options) covering 30,000 shares at $4.77 per share; total reported value $143,100.
• Vesting: 1/3 vests on 7/29/2027, 1/3 on 7/29/2028, and 1/3 on 7/29/2029 (footnote F1).
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5-1, tax withholding or sale noted in this filing.

Context
This was a compensation-related option grant (award), not an immediate purchase of stock or sale. Options give the holder the right to buy shares at the stated price in the future if and when they vest; they are typically used to retain and incentivize executives/directors. Because the options vest over three years, any increase in executive ownership depends on future vesting and exercise decisions. This filing does not indicate an immediate cashless exercise or sale.