McClymont Donald 4

What Happened

• Donald McClymont, CEO of indie Semiconductor (INDI), converted ADK Class A units into Class A common stock and sold 50,000 shares in open-market transactions on March 25, 2026. The sales generated $153,110 at a weighted average price of $3.06 per share (individual sale prices ranged $3.01–$3.10). The conversion/exercise entries are recorded as derivative transactions at $0 in the filing.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026.
• Sale: 50,000 shares sold in open market; weighted avg price $3.06; total proceeds $153,110 (prices $3.01–$3.10; reporting person can provide per-price breakdown on request).
• Derivative activity: The filing also shows exercise/conversion entries (M code) related to ADK Class A unit conversions and cancelation of Class V shares (recorded at $0).
• Plan note: Sales were made pursuant to a Rule 10b5-1 trading plan adopted June 13, 2025 (automated sales through June 30, 2027).
• Shares owned after transaction: not specified in this Form 4.
• Timeliness: Filing covers activity on 3/25/2026 and was filed 3/27/2026 (no late filing indicated).

Context

• The filing shows a conversion of ADK units into Class A common stock (per footnotes) followed by an immediate open-market sale under a pre-established 10b5-1 plan — a routine, pre-planned disposition rather than an ad hoc sale. Derivative entries reported at $0 reflect the unit-to-share conversion/cancellation mechanics, not cash proceeds.