McClymont Donald 4

What Happened

• Donald McClymont, CEO of indie Semiconductor (INDI), sold 50,000 shares in an open-market transaction on June 15, 2026 for total proceeds of approximately $209,255 (weighted average price reported $4.19). The filing also shows three 50,000-share “exercise or conversion” (M) entries at $0.00 (one recorded as an acquisition and two recorded as dispositions), reflecting conversion/exchange activity tied to ADK Class A Units into Class A common stock.

Key Details

• Transaction date: June 15, 2026. Open-market sale price: weighted avg $4.19; individual sale prices ranged $4.09–$4.38 (per filing footnote).
• Proceeds from sale: ~$209,255.
• Reported derivative activity: three 50,000-share M entries at $0.00 (conversion/exercise of ADK Class A Units); footnotes indicate ADK Class A Units may be exchanged for Class A common stock and that an equivalent number of Class V common shares are cancelled on exchange.
• Sale was made pursuant to the reporting person’s Rule 10b5-1 trading plan (adopted June 13, 2025) which authorizes automated open-market sales through June 30, 2027.
• Shares owned after the transactions are not specified in the provided summary of the filing.
• Filing date: June 17, 2026 (covers 6/15/2026 transactions) — appears to be filed within the Form 4 reporting window (timely).

Context

• The M-code entries reflect conversion/exercise of units (not a cash purchase). Because the sale followed conversion of ADK units and was executed under a pre-established 10b5-1 plan, the sale appears to be an automated, prearranged disposition rather than an ad-hoc trade decision.
• For retail investors: sales by executives are common and not by themselves a clear signal of company outlook; purchases tend to be more informative. If you want the exact split of shares converted vs. cancelled or the reporting person’s post-transaction holdings, consult the full Form 4 (Accession 0001866018-26-000013) for detailed columns and footnotes.