OWENS JEFFREY J 4
Research Summary
AI-generated summary
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.