OWENS JEFFREY J 4

What Happened

• Jeffrey J. Owens, a director of indie Semiconductor, was granted 2,562 restricted stock units (RSUs) that were fully vested and converted into 2,562 shares on March 1, 2026. The Form 4 records the RSU award (A), an exercise/conversion of the derivative into shares (M, acquired), and an M-coded disposal of the same 2,562 shares. The filing shows $0 per share for these entries because RSUs have no exercise price; no sale proceeds or cash value are reported in the filing.

Key Details

• Transaction date: March 1, 2026 (reported on Form 4 filed March 2, 2026).
• Transactions reported: Award of 2,562 RSUs (A); conversion/exercise of 2,562 RSUs into shares (M, acquired); disposal of 2,562 shares (M, disposed). All reported at $0.00 per share.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — these RSUs were fully vested as of grant and were issued in lieu of a quarterly cash retainer under the independent director compensation program.
• Timeliness: Filing appears timely (transaction date 2026-03-01; Form 4 filed 2026-03-02).

Context

• RSUs are a form of equity award that typically have no exercise price; conversion means the RSU entitlement became actual shares. The filing also records a same-day disposal of the converted shares, but the Form 4 does not report sale price or proceeds, so the amount realized is not disclosed here. This sequence is consistent with an award that vested and was converted into shares with a simultaneous transfer or sale, but the filing alone does not state the reason for the disposal.