indie Semiconductor (INDI) Director Diane Brink Converts RSUs to Shares

What Happened

• Diane D. Brink, a director of indie Semiconductor, was granted 3,170 Restricted Stock Units (RSUs) that were fully vested and converted into 3,170 shares on September 1, 2026. The filing reports the grant (code A) and the conversion/exercise of the derivative (code M) at $0.00. The filing also shows a reported disposition of 3,170 shares (code M) at $0.00. No cash proceeds or market sale price are reported in the Form 4 details provided.

Key Details

• Transaction date: 2026-09-01 (filed 2026-09-03) — filing appears timely.
• Transactions reported: Grant of 3,170 RSUs (A); conversion/exercise of derivative into 3,170 shares (M, acquired); and a corresponding disposition of 3,170 shares (M, disposed). All reported at $0.00.
• 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 as of the grant date and were issued in lieu of quarterly cash retainer / chair fees under the board’s voluntary director compensation program.
• Transaction codes: A = award/grant; M = conversion/exercise of derivative security.

Context

• These were RSU-related transactions (derivative conversion), not an open-market buy or clear cash sale. RSU conversion typically results in issuance of shares; the reported $0.00 disposition here does not show sale proceeds, so the filing does not reflect a cash open-market sale. This activity appears administrative (settlement of RSUs issued in lieu of cash compensation) rather than a directional buy or sell signal.