indie Semiconductor (INDI) Director Thomas Schiller Sells Shares

What Happened
Thomas Schiller, a director and strategic advisor at indie Semiconductor (INDI), had 8,598 restricted stock units (RSUs) that were granted/vested and converted into 8,598 shares on Aug 28, 2026 (exercise/conversion at $0.00). A portion of those shares — 3,138 — were sold in the open market on Aug 31, 2026 at $3.72 per share for proceeds of $11,672. The net result of the vesting/conversion and subsequent sale is an increase of 5,460 shares held by Schiller (8,598 acquired less 3,138 sold).

Key Details

• Transaction dates and prices:
  • 2026-08-28: 8,598 RSUs awarded/vested and converted to 8,598 shares (grant/award and conversion recorded at $0.00).
  • 2026-08-31: Sold 3,138 shares in open market at $3.72/share, total $11,672.
• Shares owned after transaction: The filing provided here does not state total beneficial ownership after these transactions.
• Footnotes:
  • F1: The 3,138 shares were sold in the open market to pay withholding taxes related to RSU vesting.
  • F2: Each RSU represents the contingent right to receive one share of Class A common stock.
  • F3: These RSUs were fully vested as of the grant date and were issued in lieu of cash under the Issuer’s 2026 Short Term Incentive Bonus Plan.
• Filing timeliness: Form 4 was filed with accession on 2026-09-01; the transactions occurred 2026-08-28 and 2026-08-31. The filing date appears timely based on the reported dates.

Context
This activity reflects vested RSUs being converted to shares and a routine sell-to-cover (tax withholding) sale rather than a market-timed sell. The derivative entries (grant/award and exercise/conversion at $0.00) describe RSUs converting into common shares; the subsequent open-market sale covered tax obligations. Such sell-to-cover transactions are common and not necessarily a signal of the insider’s view on the company’s prospects.