OWENS JEFFREY J 4
Research Summary
AI-generated summary
INDI Director Jeffrey J. Owens Exercises and Disposes Shares
What Happened
- Jeffrey J. Owens, a director of indie Semiconductor, converted/exercised derivatives into 59,932 shares on May 28, 2026 (reported at $0.00) and on the same day disposed of 59,932 shares (reported at $0.00). He also acquired 37,454 restricted stock units (RSUs) on May 28, 2026 under the company's director compensation arrangements (reported at $0.00). All reported per-share prices and total cash values on the Form 4 are $0.00.
Key Details
- Transaction date: May 28, 2026; Form 4 filed May 29, 2026 (timely filing).
- Exercise/conversion: 59,932 shares acquired at $0.00 (derivative conversion).
- Immediate disposition: 59,932 shares disposed at $0.00 on the same date.
- Award/grant: 37,454 RSUs acquired at $0.00 (derivative).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1—each RSU equals one share; F2—RSUs granted under the issuer's non‑employee director compensation policy; F3—the RSUs vested on May 28, 2026 (the date of the 2026 Annual Meeting).
- Filing timeliness: filed the next day (not marked late).
Context
- For derivative activity: the filing shows a same‑day conversion of derivatives to shares followed by an equal number of shares disposed the same day. This pattern can reflect immediate sale or share surrender related to vesting or tax obligations, but the Form 4 does not state the reason.
- The 37,454 RSUs were granted as director compensation and are recorded as vested on May 28, 2026 per the filing. These RSUs represent a contingent right to one share each until conversion.