Parekh Sonalee Elizabeth 4

What Happened

• Sonalee Parekh, a director of indie Semiconductor, reported transactions on May 28, 2026. She had 59,932 derivative units converted/exercised into shares (transaction code M) and the same 59,932 shares were recorded as disposed (both at $0.00). On the same date she was also granted 37,454 restricted stock units (transaction code A) at $0.00.

Key Details

• Transaction date: May 28, 2026; Form 4 filed May 29, 2026.
• Converted/exercised: 59,932 derivative units (M) at $0.00 (acquired) and 59,932 shares disposed at $0.00.
• Grant/award: 37,454 restricted stock units (A) at $0.00 (derivative).
• Price/value: all reported at $0.00 — no cash proceeds shown (consistent with net settlement or share withholding for taxes rather than an open-market sale).
• Vesting/terms: F1–F3 note each RSU represents a right to one share. The new RSUs are under the issuer’s non-employee director compensation policy and vest on the earlier of May 28, 2027 or the 2027 Annual Meeting (F2). The RSUs that vested were noted to have vested on May 28, 2026 (F3).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Filing timeliness: Form filed May 29, 2026 for May 28 transactions; the report does not indicate a late filing.

Context

• The zero-dollar exercise/disposition is commonly a cashless/net settlement or tax-withholding event when RSUs vest and are converted to shares; it does not necessarily reflect an open-market sale. The new 37,454 RSUs are a grant under the director compensation policy and will vest per the stated schedule unless other conditions apply.