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Mynd.ai (MYND) CRO has ADS withheld to satisfy RSU tax obligations

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Mynd.ai, Inc. Chief Revenue Officer Michael B. Strand reported a Form 4 entry where 4,216 American Depository Shares (ADS) at $0.3200 per ADS were withheld. Each ADS represents ten ordinary shares of Mynd.ai, Inc.

The filing states this is not a sale by the reporting person. Instead, the ADS were withheld by the company to cover its income tax withholding and remittance obligations related to the vesting and net settlement of previously reported restricted stock units granted under its equity incentive plan. After this tax-withholding disposition, Strand directly holds 135,407 ADS.

Positive

  • None.

Negative

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Insider Strand Michael B.
Role Chief Revenue Officer
Type Security Shares Price Value
Tax Withholding American Depository Shares ("ADS") 4,216 $0.32 $1K
Holdings After Transaction: American Depository Shares ("ADS") — 135,407 shares (Direct)
Footnotes (1)
  1. Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company"). 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.
ADS withheld for taxes 4,216 ADS Withheld in tax-withholding disposition on April 10, 2026
Price per ADS $0.3200 per ADS Value applied to withheld ADS in Form 4
Post-transaction ADS holdings 135,407 ADS Directly held by Michael B. Strand after transaction
ADS to ordinary share ratio 1 ADS = 10 ordinary shares Defined in footnote for Mynd.ai ADS
American Depository Shares ("ADS") financial
"security_title: "American Depository Shares ("ADS")""
restricted stock units ("RSUs") financial
"in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
equity incentive plan financial
"RSUs granted under the Issuer's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Strand Michael B.

(Last)(First)(Middle)
4550 NORTH POINT PARKWAY, SUITE 370
C/O MYND.AI, INC.

(Street)
ALPHARETTA GEORGIA 30022

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Mynd.ai, Inc. [ MYND ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Revenue Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
American Depository Shares ("ADS")(1)04/10/2026F4,216(2)D$0.32135,407D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each ADS represents ten (10) ordinary shares, par value $0.001 per share, of Mynd.ai, Inc. (the "Company").
2. 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.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Allyson G. Krause, Attorney-in-Fact04/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Mynd.ai (MYND) report for Michael B. Strand?

Mynd.ai reported that Chief Revenue Officer Michael B. Strand had 4,216 American Depository Shares (ADS) withheld. The filing classifies this as a tax-withholding disposition rather than an open-market sale, tied to the vesting and settlement of previously granted restricted stock units.

Was the Mynd.ai (MYND) Form 4 transaction an actual stock sale by the CRO?

No, the Form 4 explicitly says the transaction is not a sale by the reporting person. The ADS were withheld by Mynd.ai to satisfy income tax withholding and remittance obligations related to the vesting and net settlement of restricted stock units.

How many Mynd.ai (MYND) ADS were withheld for taxes in this Form 4?

The filing shows that 4,216 American Depository Shares (ADS) were withheld. These shares were used to cover income tax obligations when restricted stock units vested and were settled, rather than being sold in the market by the executive.

What is the relationship between Mynd.ai (MYND) ADS and ordinary shares?

Each American Depository Share (ADS) of Mynd.ai represents ten ordinary shares with a par value of $0.001 per share. This ratio is stated directly in the footnotes, clarifying how ADS holdings translate into underlying ordinary share exposure.

How many Mynd.ai (MYND) ADS does Michael B. Strand hold after the transaction?

After the reported tax-withholding disposition, Michael B. Strand directly holds 135,407 American Depository Shares. This post-transaction balance reflects his remaining direct ADS position following the withholding related to restricted stock unit vesting.

At what price per share were the withheld Mynd.ai (MYND) ADS valued?

The Form 4 records the 4,216 withheld American Depository Shares at a price of $0.3200 per ADS. This price is used in the filing to describe the value of the shares applied toward satisfying the company’s tax withholding obligations.