Mynd.ai (MYND) CRO has ADS withheld to satisfy RSU tax obligations
Filing Impact
Filing Sentiment
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
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
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)
- 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.
Key Figures
ADS withheld for taxes: 4,216 ADS
Price per ADS: $0.3200 per ADS
Post-transaction ADS holdings: 135,407 ADS
+1 more
4 metrics
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
Key Terms
American Depository Shares ("ADS"), restricted stock units ("RSUs"), equity incentive plan, income tax withholding
4 terms
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"
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.
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.