schiller Thomas 4

What Happened

• Thomas Schiller, a director of indie Semiconductor (INDI), reported the conversion/settlement of 5,000 restricted stock units (reported as a derivative exercise/conversion) on July 1, 2026 (acquired at $0). The filing also shows a derivative disposition of 5,000 shares on July 1 (reported at $0), and an open-market sale of 1,833 shares on July 2, 2026 at $4.45 per share for total proceeds of $8,159. The activity appears to be routine RSU vesting and related tax-covering transactions rather than a market-timed purchase.

Key Details

• Transaction dates and prices:
  • 2026-07-01: Conversion/exercise of 5,000 RSU-derived shares @ $0.00 (acquired).
  • 2026-07-01: Disposition of 5,000 derivative shares @ $0.00 (reported as derivative disposal).
  • 2026-07-02: Open-market sale of 1,833 shares @ $4.45 for $8,159.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: The open-market sale represents shares sold to pay withholding taxes in connection with RSU vesting.
  • F2: Each RSU represents a contingent right to one share of Class A common stock.
  • F3: The RSUs vest 25% on Jan 2, 2026; Jul 1, 2026; Jan 4, 2027; and Jul 1, 2027.
• Filing timeliness: Form 4 was filed July 6, 2026 covering transactions on July 1–2. The July 2 trade was filed within two business days; the July 1 conversion/disposition appears to have been reported later than the two-business-day deadline.

Context

• These entries reflect RSU vesting and settlement (conversion of RSUs into shares). Some or all vested shares were withheld/treated as derivative disposals and a portion (1,833 shares) was sold in the open market to cover withholding taxes — a common, administrative action that does not necessarily imply a view on the company’s stock. The filing uses code M for exercise/conversion of a derivative (RSU settlement) and F-type treatment for tax-related sales per the footnotes.