MIND C.T.I. Ltd. (NASDAQ: MNDO) disclosed an insider transaction involving Nissan Shoval Cohen, the company’s Vice President of Information Technology. According to a Form 4 filing dated August 14, 2026, Cohen sold 10,000 fully vested and exercisable stock options linked to MIND CTI ordinary shares.
The options were sold at $1.02 per option, representing a transaction value of approximately $10,200. Each option represented the right to acquire one ordinary share of MIND CTI.
Options Fully Vested
The filing states that the options were fully vested and currently exercisable before the transaction. Following the sale, Cohen reported holding zero options from this particular option series.
The options had an exercise price of $0.003 per underlying share. Because the transaction involved the sale of derivative securities rather than a direct sale of ordinary shares, the filing does not represent a conventional open-market stock sale by the executive.
Recent Insider Activity
The transaction comes amid other recent insider activity at MIND CTI. Earlier in August, Chief Business Officer Orly Sorokin received 200,000 stock options with an exercise price of $1.03 per share. Those options are scheduled to vest in stages between 2028 and 2030 and expire in 2031.
MIND CTI has also been undergoing leadership changes. Founder Monica Iancu became interim CEO following Ariel Glassner’s resignation, while Sorokin moved into the Chief Business Officer role.
Company Position
MIND CTI reported $4.61 million in second-quarter 2026 revenue, compared with $4.75 million in the prior-year quarter. Despite the modest revenue decline, net income increased to $775,000 from $483,000, while the company held approximately $13.5 million in cash, short-term deposits and marketable securities as of June 30.
The company is also facing a Nasdaq minimum-bid-price deficiency and has until December 21, 2026, to regain compliance with the $1 minimum bid requirement, subject to Nasdaq’s rules and any available extension.
Investor Takeaway
Cohen’s transaction represents the sale of 10,000 vested stock options worth roughly $10,200 at the reported price. Because the filing concerns options rather than ordinary shares sold in the open market, investors should consider the transaction alongside MIND CTI’s broader financial performance, leadership changes and Nasdaq compliance situation rather than viewing it as a standalone signal about the company’s outlook.
