Brink Diane D 4
4 · indie Semiconductor, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
indie Semiconductor (INDI) Director Diane Brink Receives 3,074 RSUs
What Happened
Diane D. Brink, a director of indie Semiconductor (INDI), was awarded 3,074 restricted stock units (RSUs) that were fully vested and converted to common shares on March 1, 2026. The Form 4 reports an award (A) of 3,074 RSUs, an exercise/conversion (M) acquiring 3,074 shares, and a corresponding conversion/disposition entry for 3,074 derivative instruments. All entries show a per-share price of $0.00 and a total reported value of $0.
Key Details
- Transaction date: 2026-03-01 (reported on Form 4 filed 2026-03-02) — filing appears timely.
- Reported amounts: 3,074 RSUs granted/vested and 3,074 shares acquired/converted; a matching derivative disposition of 3,074 also reported.
- Price/value: $0.00 per share reported; total reported value $0.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 — each RSU represents a contingent right to one share. F2 — these RSUs were fully vested on the grant date and were issued in lieu of a quarterly cash retainer (board-approved director compensation).
Context
This was an award/vesting and conversion of RSUs (compensation-related), not an open-market purchase. RSUs issued in lieu of cash retainer are routine director compensation and do not by themselves signal insider buying interest. The derivative/conversion entries reflect the mechanics of RSUs converting into common stock per the footnotes.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-03-01+3,074→ 169,906 total - Award
Restricted Stock Units
[F1][F2]2026-03-01+3,074→ 3,074 total→ Class A Common Stock (3,074 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-01−3,074→ 0 total→ Class A Common Stock (3,074 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.