McClymont Donald 4
4 · indie Semiconductor, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
indie Semiconductor (INDI) CEO Donald McClymont Sells 90,644 Shares
What Happened
Donald McClymont, CEO of indie Semiconductor (INDI), had restricted stock units (RSUs) convert to common shares on March 1, 2026 (totaling 186,835 shares from derivative conversions/grants). A portion of those shares — 90,644 shares — were sold in the open market on March 2, 2026 at $3.56 per share, generating total proceeds of $322,847. The sales were reported as occurring to cover withholding taxes related to the vesting/conversion of RSUs.
Key Details
- Transaction dates: conversion/vesting on 2026-03-01; open-market sales on 2026-03-02 (reported on Form 4 filed 2026-03-02).
- Sales: 77,920 shares @ $3.56 = $277,528 and 12,724 shares @ $3.56 = $45,319 (total 90,644 shares for $322,847).
- Shares acquired via derivative conversion/grant on 2026-03-01: 162,500 + 24,335 = 186,835 shares (RSU-related).
- Reason for sale: footnote indicates shares were sold in the open market to pay withholding taxes in connection with RSU vesting.
- Post-transaction beneficial ownership: not disclosed in the Form 4.
- Filing timeliness: Form 4 was filed 2026-03-02 covering transactions on 2026-03-01 — appears timely.
Context
- These transactions reflect RSU conversions and subsequent market sales to satisfy tax withholding obligations (a common, routine practice), not an outright open-market purchase or discretionary sale for investment exposure.
- RSUs are derivative awards that convert into shares when they vest; here the filing shows both conversions/awards and the related market sales. Footnotes note vesting rules (50% on March 1, 2025 and 50% on March 1, 2026 for certain time-based RSUs) and that some RSUs were issued in lieu of cash salary.
- No indication in the filing of a 10b5-1 plan, gifts, or other non-routine trading instructions.
Insider Transaction Report
Form 4
McClymont Donald
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-03-01+162,500→ 348,702 total - Exercise/Conversion
Class A Common Stock
2026-03-01+24,335→ 373,037 total - Sale
Class A Common Stock
[F1]2026-03-02$3.56/sh−77,920$277,528→ 295,117 total - Sale
Class A Common Stock
[F1]2026-03-02$3.56/sh−12,724$45,319→ 282,393 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-01−162,500→ 0 total→ Class A Common Stock (162,500 underlying) - Award
Restricted Stock Units
[F2][F4]2026-03-01+24,335→ 24,335 total→ Class A Common Stock (24,335 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-03-01−24,335→ 0 total→ Class A Common Stock (24,335 underlying)
Holdings
- 4,966,425
Class V Common Stock
- 68,115(indirect: By Spouse)
Class A Common Stock
Footnotes (4)
- [F1]Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of Restricted Stock Units ("RSUs").
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- [F3]The time-based restricted stock units shall vest and become nonforfeitable with respect to fifty percent (50%) of the total number of restricted stock units on March 1, 2025 and 2026.
- [F4]Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.
Signature
/s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021|2026-03-02