MIND CEO Robert P. Capps Receives 60,000-Share Option Award

What Happened
Robert P. Capps, President and CEO of MIND Technology, was granted derivative awards covering 60,000 shares on July 29, 2026. The filing reports a price of $4.77 per share (total reported value $286,200). This is an award/grant (not an open-market buy or sale) and represents compensation rather than an immediate purchase of common stock.

Key Details

• Transaction date: 2026-07-29; filing date: 2026-07-31 (timely filing).
• Award: 60,000 derivative shares at $4.77 each; reported aggregate value $286,200.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Options vest 1/3 on July 29 in 2027, 2028 and 2029 (F1).
• Transaction type/code: A (award/grant); classified as a derivative transaction.

Context
This grant appears to be a time‑based option or similar equity award that vests over three years. Because it is a derivative award, no shares were necessarily transferred to Capps immediately and no immediate sale occurred. Such grants are commonly part of executive compensation and do not by themselves indicate a buy/sell signal; future exercises or sales would be reported separately.