Leung Lim Kin Simon 4
4 · Mynd.ai, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Mynd.ai (MYND) Director Leung Receives 592,106 ADS Award
What Happened
Leung Lim Kin Simon, a director of Mynd.ai, received an award of 592,106 ADS-denominated restricted stock units (RSUs) on July 2, 2026. The grant is recorded at $0.38 per ADS for a total reported value of $225,000. This was an equity award (acquisition) under the company's incentive plan, not an open-market purchase or sale.
Key Details
- Transaction date and filing: transaction dated 2026-07-02; Form 4 filed with accession 0001708441-26-000075 on 2026-07-07 (filed five days after the transaction date; Form 4s are generally due within two business days).
- Amount and price: 592,106 ADS awarded at $0.38 per ADS; total $225,000.
- ADS conversion: each ADS represents 10 ordinary shares (footnote F1).
- Vesting: these are unvested RSUs settled in ADSs with a nine-tranche vesting schedule (footnote F2): 197,348 ADS on Jan 10, 2027, then roughly 49,345 ADS each on Apr 10, Jul 10, Oct 10 (2027–2028) and Jan 10, 2028 & Jan 10, 2029 — full schedule provided in the filing.
- Shares owned after transaction: not specified in the provided filing.
- No 10b5-1, tax withholding or cashless-sale details disclosed in the provided footnotes.
Context
This is a standard compensation grant of unvested RSUs to a director. Such awards are common as part of executive/director pay and do not, by themselves, indicate an open-market purchase or sale intent. The ADS structure means each reported ADS represents ten ordinary shares when vested/settled. The apparent delay between the transaction date and the Form 4 filing may be noteworthy to investors monitoring timeliness.
Insider Transaction Report
- Award
American Depository Shares ("ADS")
[F1][F2]2026-07-02$0.38/sh+592,106$225,000→ 815,010 total
Footnotes (2)
- [F1]Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company").
- [F2]Represents ADS underlying unvested restricted stock units ("RSUs") granted under the Company's equity incentive plan that are settled in ADSs. Such unvested RSUs vest as follows: (i) 197,348 on January 10, 2027, (ii) 49,345 on April 10, 2027, (iii) 49,345 on July 10, 2027, (iv) 49,344 on October 10, 2027, (v) 49,345 on January 10, 2028, (vi) 49,345 on April 10, 2028, (vii) 49,344 on July 10, 2028, (viii) 49,345 on October 10, 2028 and (ix) 49,345 on January 10, 2029.