indie Semiconductor (INDI) Director David Aldrich Converts RSUs, Disposes 9,860 Shares

What Happened

• David J. Aldrich, a director of indie Semiconductor (INDI), was granted 9,860 Restricted Stock Units (RSUs) that were fully vested and converted into 9,860 shares on 2026-09-01; the filing also reports a disposition of the same 9,860 shares. The reported price per share for the grant, conversion and disposition is $0.00 (the conversion itself did not involve cash consideration in the Form 4 entries).

Key Details

• Transaction dates/prices: 2026-09-01 — Grant/Award (A): 9,860 RSUs @ $0.00; Conversion/Exercise (M): 9,860 shares acquired @ $0.00; Conversion/Exercise (M) recorded as disposed: 9,860 shares @ $0.00.
• Shares owned after transaction: not specified in the excerpt of this filing.
• Footnotes: F1 — each RSU equals a contingent right to one share of Class A common stock. F2 — these RSUs were fully vested as of the grant date and represent shares received in lieu of a quarterly cash retainer (number of shares based on forgone cash divided by the closing INDI price on the grant date).
• Timeliness: Form filed 2026-09-03 reporting transactions on 2026-09-01; the filing does not indicate lateness.

Context

• This filing reports derivative/RSU activity: RSUs were awarded and converted into shares (an A + M sequence). The matching disposition entry indicates the converted shares were transferred/removed from the insider’s holding as reported; the Form 4 shows $0.00 per share for the grant/conversion entries because no cash purchase occurred at conversion. The filing does not provide sale proceeds or a separate open-market sale record in the provided excerpt, so no claim about sale price or proceeds can be made from this entry alone.