MIND Director Baden Perry Receives 30,000-Share Award

What Happened
Director Baden Alan Perry received a grant of 30,000 derivative securities (option award) from MIND Technology, Inc. The award is reported at an implied price of $4.77 per share, with a total reported value of $143,100. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-07-29 (reported on Form 4 filed 2026-07-31). Filing appears timely (within the typical 2-business-day Form 4 window).
• Transaction type/code: A — Grant/Award (derivative securities).
• Quantity and pricing: 30,000 derivative shares/options at $4.77 each; total reported value $143,100.
• Vesting: Options vest 1/3 on July 29, 2027; 1/3 on July 29, 2028; and 1/3 on July 29, 2029 (per footnote).
• Shares owned after transaction: Not specified in the provided filing details.
• No indication in the provided data of a 10b5-1 plan, tax-withholding sale, or immediate cashless exercise.

Context
This was a time-based option award to a director intended to vest over three years — a common form of compensation/retention for board members. Because the grant vests over time and is reported as a derivative award, it is not an immediate open-market purchase (which some investors view as a stronger bullish signal). The filing is informational; it records the grant but does not reveal any personal trading intent.