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indie Semiconductor, Inc.·4

May 29, 7:35 PM ET

Neumann Karl-Thomas 4

Research Summary

AI-generated summary

Updated

INDI Director Karl‑Thomas Neumann Exercises Options, Sells Shares

What Happened

  • Karl‑Thomas Neumann, a director of indie Semiconductor, reported derivative activity on May 28, 2026. He exercised/converted 59,932 derivative units (reported at $0.00) and simultaneously disposed of 59,932 shares (also reported at $0.00). In addition, he was granted/acquired 37,454 restricted stock units (RSUs) reported at $0.00. The filing shows $0 reported value for these entries; total reported cash value is $0.
  • Net effect in the filing: the exercised 59,932 shares were sold the same day, while 37,454 RSUs were acquired/vested — a net increase of 37,454 RSU-derived shares reflected by this report.

Key Details

  • Transaction date: May 28, 2026; Form 4 filed May 29, 2026 (timely filing).
  • Reported transactions:
    • Exercise/conversion (M): 59,932 shares acquired @ $0.00.
    • Grant/award (A) — RSUs: 37,454 units acquired @ $0.00 (derivative).
    • Exercise/conversion (M): 59,932 shares disposed @ $0.00 (same-day sale of exercised shares).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes:
    • F1: Each RSU represents a contingent right to one share of Class A common stock.
    • F2: RSUs were granted under the issuer’s non‑employee director compensation policy and generally vest by May 28, 2027 or at the 2027 annual meeting.
    • F3: These RSUs vested on May 28, 2026 (the issuer’s 2026 Annual Meeting).
  • No 10b5‑1 plan, tax-withholding sale, or late filing was indicated in the provided details.

Context

  • The filing shows an exercise/conversion followed by an immediate disposal of the same number of shares, which is commonly reported when exercised shares are sold the same day (often described as a cashless or net settlement). The 37,454 RSUs were granted under the director compensation policy and vested on the meeting date, consistent with routine board compensation rather than a separate open‑market purchase or sale.
  • This report is factual reporting of insider transactions and does not, by itself, indicate the director’s motives or future expectations.