Solomon Lance I. 4
4 · Mynd.ai, Inc. · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Mynd.ai (MYND) CPO Lance I. Solomon Withholds 10,670 ADS for Taxes
What Happened Lance I. Solomon, Chief Product Officer of Mynd.ai, had 10,670 ADS withheld by the issuer on July 10, 2026 to satisfy income tax withholding in connection with the vesting and net settlement of previously reported restricted stock units (RSUs). The filing reports the ADS were treated as disposed at $0.41 each for a total value of approximately $4,375. Footnote: each ADS represents 10 ordinary shares.
Key Details
- Transaction date: 2026-07-10; Filing date: 2026-07-14 (filed within the typical 2-business-day Form 4 window).
- Reported action/code: F — tax withholding (shares withheld to satisfy tax obligations on RSU vesting).
- Amount withheld: 10,670 ADS (equals 106,700 ordinary underlying shares given 1 ADS = 10 ordinary shares).
- Price reported: $0.41 per ADS; total value reported ≈ $4,375.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 clarifies ADS-to-ordinary share ratio; F2 explains this was issuer withholding to cover tax withholding, not an open-market sale by the insider.
Context This was a routine tax-withholding/net-settlement transaction related to RSU vesting, not an open-market sale or purchase by the insider. Such withholdings are common and generally reflect tax obligations rather than a purposeful divestment or investment signal.
Insider Transaction Report
- Tax Payment
American Depository Shares ("ADS")
[F1][F2]2026-07-10$0.41/sh−10,670$4,375→ 1,418,642 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.