indie Semiconductor (INDI) Director Jeffrey Owens Receives and Converts RSUs

What Happened
Jeffrey J. Owens, a director of indie Semiconductor, was granted 2,641 restricted stock units (RSUs) that were fully vested on the grant date, representing the right to receive 2,641 shares. The filing shows the RSUs (derivative award) were converted/exercised into 2,641 shares and those same 2,641 shares were recorded as disposed on 2026-09-01. The grant and conversion entries show a $0 per-share exercise/award price, which is typical for RSU settlements (no cash purchase price).

Key Details

• Transaction date(s): 2026-09-01; Form 4 filed: 2026-09-03 (appears timely under the two-business-day rule).
• Recorded transactions: Grant of 2,641 RSUs (A, $0); conversion/exercise into 2,641 shares (M, $0 acquired); 2,641 shares disposed (M, $0 disposed).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes:
  • F1 — Each RSU represents a contingent right to one share of Class A common stock.
  • F2 — These RSUs were fully vested at grant and were issued in lieu of a quarterly cash retainer/chairperson fees under the board’s voluntary director compensation program; the number of shares equals the forgone cash retainer divided by INDI’s closing price on the grant date.
• No 10b5-1 plan or late-filing flag was indicated in the provided data.

Context
These entries reflect director compensation settled in equity (RSUs) rather than an open-market purchase or sale. The sequence — grant of vested RSUs, conversion into shares, and same-day disposition — is consistent with receiving equity in lieu of cash compensation and then settling the economic value; the $0 per-share entries reflect the mechanics of RSU settlement rather than an open-market trade price.