McClymont Donald 4

What Happened
Donald McClymont, CEO of indie Semiconductor (INDI), had 34,527 restricted stock units (RSUs) vest and convert to Class A common stock on April 3, 2026, and subsequently sold 18,420 shares in an open-market transaction on April 6, 2026 at $2.99 per share for proceeds of $55,006. The RSUs were granted/vested in lieu of cash under the company’s 2025 Short Term Incentive Bonus Plan.

Key Details

• Transactions reported:
  • 2026-04-03: RSUs vested/converted to 34,527 shares (recorded as derivative exercise/award at $0.00 per share). (F2, F3)
  • 2026-04-06: Open-market sale of 18,420 shares at $2.99 each for $55,006. (F1)
• Footnotes:
  • F1: Shares sold in the open market to pay withholding taxes related to RSU vesting (a sell-to-cover).
  • F2: Each RSU represents a contingent right to one share.
  • F3: These RSUs were fully vested as of the grant date and were issued in lieu of cash under the 2025 STIP.
• Shares owned after the transaction: not specified in this Form 4 filing.
• Filing date: Form 4 filed April 7, 2026 (transactions occurred April 3 and April 6, 2026).

Context
This appears to be a routine vesting and sell-to-cover to satisfy tax withholding rather than a voluntary market-sale decision for investment purposes. The derivative entries reflect the conversion/settlement of RSUs into common shares; a portion of those shares was sold immediately to cover taxes. Such sell-to-cover transactions are common and do not necessarily indicate insider sentiment about the company’s prospects.