Strand Michael B. 4
4 · Mynd.ai, Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Mynd.ai (MYND) CRO Michael Strand Shares Withheld for Taxes — 4,216 ADS
What Happened
Michael B. Strand, Chief Revenue Officer of Mynd.ai, had 4,216 American Depositary Shares (ADS) withheld by the company on 2026-04-10 to satisfy income tax withholding related to the vesting and net settlement of previously granted restricted stock units (RSUs). The withholding was reported at $0.32 per ADS for a total of $1,349. This transaction was a tax-withholding disposition (not an open-market sale) as noted in the filing.
Key Details
- Transaction date: 2026-04-10; filing date (Form 4): 2026-04-13 (timely filed).
- Reported transaction: 4,216 ADS withheld at $0.32 per ADS; total value reported = $1,349.
- Footnote F1: Each ADS represents 10 ordinary shares — the 4,216 ADS equal 42,160 underlying ordinary shares.
- Footnote F2: The ADS were withheld by the issuer to satisfy tax withholding on net-settled RSUs; this is not a sale by the reporting person.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Exhibit: Exhibit 24 — Power of Attorney included.
Context
Tax-withholding dispositions are routine administrative transactions when RSUs vest and are net-settled; they generally do not signal a trading decision by the insider. Because the filing indicates the shares were withheld to cover taxes (transaction code F), there was no open-market sale or new purchase associated with this entry.
Insider Transaction Report
- Tax Payment
American Depository Shares ("ADS")
[F1][F2]2026-04-10$0.32/sh−4,216$1,349→ 135,407 total
Footnotes (2)
- [F1]Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company").
- [F2]This transaction is not a sale by the reporting person. Rather, the transaction represents ADS that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs") granted under the Issuer's equity incentive plan.