Brink Diane D 4

What Happened

Diane D. Brink, a director of indie Semiconductor, had 2,311 restricted stock units (RSUs) reported on Jun 1, 2026. The Form 4 shows the RSUs were granted/recognized and converted/exercised into 2,311 shares at a reported price of $0.00 (no cash paid). A corresponding disposition of 2,311 shares is also recorded at $0.00. No sale proceeds or cash purchase were reported; this reflects an award/settlement rather than an open-market trade.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
• Shares involved: 2,311 RSUs granted/recognized and converted to 2,311 shares; a disposition of 2,311 shares is also recorded at $0.00.
• Reported price: $0.00 for acquisition and disposition (no purchase price or sale proceeds).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share of Class A common stock.
  • F2: These RSUs were fully vested as of the grant date and were issued in lieu of a quarterly cash retainer and any chairperson fees under the board’s voluntary director compensation program.
• Filing timeliness: Filed within the Form 4 reporting window (not marked late).

Context

These entries reflect vested RSUs being settled into shares as director compensation (in lieu of cash), not a market purchase or a traditional sale for cash. The filing records both the conversion/exercise of the derivative (RSU) and a corresponding $0.00 disposition; the Form 4 does not report any cash proceeds, so this should be viewed as compensation settlement rather than an indicium of buying or selling sentiment.