OWENS JEFFREY J 4
4 · indie Semiconductor, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
indie Semiconductor (INDI) Director Jeffrey Owens Converts RSUs, Disposes 1,926 Shares
What Happened
Jeffrey J. Owens, a director of indie Semiconductor, had 1,926 restricted stock units (RSUs) that vested and were converted into 1,926 shares on June 1, 2026. The filing shows a simultaneous disposition of 1,926 shares. All transactions are reported with a $0.00 per-share price (total value reported $0), consistent with grant/settlement reporting rather than an open-market purchase.
Key Details
- Transaction date(s): June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
- Reported actions/codes: A = grant/award of 1,926 RSUs (acquired); M = conversion/exercise of derivative (1,926 shares acquired and 1,926 shares disposed).
- Price/consideration: Reported at $0.00 per share (total $0) in the filing; the filing does not state cash proceeds from any sale.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 — each RSU represents a contingent right to one Class A share. F2 — these RSUs were fully vested at grant and were issued in lieu of a quarterly cash retainer under the independent director compensation program.
Context
These entries reflect director compensation settlement (RSUs vesting and being settled), not a market purchase. The conversion and immediate disposition commonly reflect share settlement, net share issuance, or internal withholding/sale processes tied to compensation; the filing does not specify whether shares were sold on the open market or net-settled for taxes. Such director RSU settlements are typically routine and do not by themselves indicate insider market sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-01+1,926→ 224,931 total - Award
Restricted Stock Units
[F1][F2]2026-06-01+1,926→ 1,926 total→ Class A Common Stock (1,926 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-01−1,926→ 0 total→ Class A Common Stock (1,926 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- [F2]Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a quarterly cash retainer and chairperson fees, if any, as part of a voluntary independent director compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone quarterly cash retainer and chairperson fees, if any, divided by the closing trading price of INDI on the date of grant.