Strand Michael B. 4

What Happened

• Michael B. Strand, Chief Revenue Officer of Mynd.ai, received a grant of 923,685 restricted stock units (RSUs) settled in ADSs on July 2, 2026. The Form 4 reports an acquisition value of $0.38 per ADS for an aggregate reported value of $351,000. This transaction is an equity award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: July 2, 2026; Filed with SEC: July 7, 2026 (no late-filing flag provided in the data).
• Reported price/value: $0.38 per ADS; aggregate reported value $351,000.
• Vesting schedule (unvested RSUs per footnote): 307,864 vest Jan 10, 2027, then eight additional tranches of ~76,977–76,978 ADSs quarterly through Jan 10, 2029, totaling 923,685 ADSs.
• ADS clarification (footnote): Each ADS represents 10 ordinary shares — the grant corresponds to 9,236,850 ordinary shares on that basis.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Nature of transaction code: A = Award/Grant (not a sale or purchase); no 10b5-1 or tax-withholding details shown.

Context

• RSUs are a common form of executive compensation that vest over time and are typically intended to retain executives; they do not represent an immediate cash transaction or stock sale. Because these RSUs are settled in ADSs, eventual receipt will convert to ADS units (each ADS = 10 ordinary shares) when vesting conditions are met. Purchases by insiders are often more directly interpreted as bullish signals than routine compensation grants.