Brink Diane D 4

What Happened

• Diane D. Brink, a director of indie Semiconductor, had 59,932 derivative awards converted into shares on May 28, 2026 (exercise/conversion, code M) and those same 59,932 shares were disposed the same day (code M). All transactions show a $0.00 per-share price. On the same date she was granted 37,454 restricted stock units (RSUs) (code A) valued at $0 in the filing.
• The filing indicates the 59,932 units vested on May 28, 2026 and were converted/settled that day (footnote F3). The 37,454 RSUs were granted under the issuer’s non-employee director compensation policy and generally vest the earlier of May 28, 2027 or the 2027 Annual Meeting (footnote F2). Each RSU represents a contingent right to one share (footnote F1).

Key Details

• Transaction date: May 28, 2026. Report filed: May 29, 2026 (timely).
• Prices reported: $0.00 per share for the conversions, disposition, and grant; total reported cash value $0.
• Shares acquired: 59,932 shares via conversion (then disposed); new RSU grant: 37,454 units.
• Shares owned after transaction: not specified in the supplied filing information.
• Footnotes: F1 explains RSUs = right to one share; F2 describes the grant under the director comp policy and vesting schedule; F3 notes the 59,932 RSUs vested on May 28, 2026.
• Transaction codes: M = exercise/conversion of derivative; A = award/grant of derivative.

Context

• The filing shows a vesting/conversion plus an immediate same-day disposition of the converted shares. Same-day dispositions commonly reflect settlement or tax-withholding mechanics (e.g., surrendering shares to cover withholding) but the filing does not state the reason. This is not a market purchase; it's director compensation/settlement activity rather than an outright buy or open-market sale meant to signal a view on the stock.
• Grants to non-employee directors are routine compensation and typically vest over time; purchases (when present) tend to be more informative about insider sentiment.