MIND Technology CFO Mark Cox Receives 50,000-Share Award

What Happened Mark Alan Cox, Chief Financial Officer of MIND Technology, was granted a derivative award on July 29, 2026: options to acquire 50,000 shares with an exercise price of $4.77, shown at a notional value of $238,500. This was an award/grant (code A) — not an open-market buy or sale — so no shares were sold or immediately purchased.

Key Details

• Transaction date: 2026-07-29; Filing date: 2026-07-31 (Form 4) — appears filed timely.
• Grant: 50,000 derivative shares/options at $4.77 per share; total indicated value $238,500.
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Options vest in thirds — 1/3 on July 29, 2027; 1/3 on July 29, 2028; 1/3 on July 29, 2029.
• Transaction type: Award/grant of derivatives (options); no immediate exercise or sale reported.

Context This filing records an options grant to the CFO rather than an open-market purchase or sale. Options vest over three years, so they represent future potential ownership if exercised according to the vesting schedule and option terms. Grants like this are common for executive compensation and do not by themselves indicate immediate insider buying or selling.