indie Semiconductor (INDI) Director David Aldrich Receives and Disposes 6,148 Shares

What Happened

• David J. Aldrich, a director of indie Semiconductor, was granted 6,148 restricted stock units (RSUs) that were fully vested and converted/exercised into 6,148 shares on 2026-03-01. The filing also reports a disposition of 6,148 shares the same day. All transactions are reported at $0.00 per share (total $0) in the Form 4.
• These RSUs were issued in lieu of a quarterly cash retainer (and any chairperson fees) under the company’s voluntary independent director compensation program.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-02 (timely).
• Reported prices/values: $0.00 per share, total $0 for the award, conversion, and disposition entries.
• Shares involved: 6,148 RSUs granted/vested → 6,148 shares acquired via conversion/exercise → 6,148 shares disposed (all reported the same day).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnotes: F1 — each RSU = contingent right to one Class A common share. F2 — RSUs were fully vested at grant and represent shares received instead of the forgone cash retainer; the number of shares equals the forgone cash divided by INDI’s closing price on the grant date.
• Insider status: director (not a 10% owner); no 10b5-1 plan or reason for disposition stated.

Context

• For retail investors: this is primarily an award/settlement of RSUs, not a straightforward open-market buy or cash sale with a reported price. The filing shows acquisition (RSU grant and conversion) and a same-day disposition of the resulting shares, but it does not disclose sale proceeds or the reason for the disposition (e.g., tax withholding, sale, or transfer). No late filing is indicated.