Giterman Arthur G. 4
4 · Mynd.ai, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Mynd.ai (MYND) CEO Arthur Giterman Receives RSU Award
What Happened
Arthur G. Giterman, Mynd.ai’s CEO, CFO and a director, was granted an award of 7,092,106 ADSs (unvested restricted stock units) on July 2, 2026. The award is recorded at $0.38 per ADS, with a total grant value of $2,695,000. This was a compensation grant (an award), not an open‑market purchase or sale.
Key Details
- Transaction date and type: July 2, 2026 — Grant/Award of RSUs (Form 4 reported July 7, 2026).
- Price and value: $0.38 per ADS; total reported value $2,695,000.
- ADS vs ordinary shares: Each ADS represents 10 ordinary shares (so the grant corresponds to 70,921,060 underlying ordinary shares).
- Vesting: Unvested RSUs vest in installments: 2,363,798 ADSs on Jan 10, 2027, then eight roughly equal quarterly tranches (~591k ADSs) through Jan 10, 2029 (see filing footnote for exact amounts/dates).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: The Form 4 was filed July 7, 2026 for a July 2 transaction — later than the typical two‑business‑day reporting window for insiders.
Context
This was a standard equity compensation grant (RSUs settled in ADSs) intended to vest over time and align management incentives; it is not an immediate market purchase or sale. Grants like this reflect compensation/retention, not a direct buy/sell signal. The late filing may be a reporting oversight; it does not change the nature of the grant but is noted because timely reporting is required under Section 16.
Insider Transaction Report
- Award
American Depository Shares ("ADS")
[F1][F2]2026-07-02$0.38/sh+7,092,106$2,695,000→ 8,611,235 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) 2,363,798 on January 10, 2027, (ii) 591,039 on April 10, 2027, (iii) 591,038 on July 10, 2027, (iv) 591,039 on October 10, 2027, (v) 591,038 on January 10, 2028, (vi) 591,038 on April 10, 2028, (vii) 591,039 on July 10, 2028, (viii) 591,038 on October 10, 2028 and (ix) 591,039 on January 10, 2029.