McClymont Donald 4

What Happened

• Donald McClymont, CEO of indie Semiconductor (INDI), had 243,750 restricted stock units convert/vest into shares on July 1, 2026 (recorded as an M-code exercise/conversion). Following the vesting, he sold 126,496 shares in the open market on July 2, 2026 at $4.45 per share, generating proceeds of $563,072.
• The Form 4 also shows a same-day M-coded disposition of 243,750 shares at $0, which in context with the filing footnotes reflects the conversion/administrative treatment of vested RSUs and related withholding/surrender activity rather than a market sale.

Key Details

• Transaction dates and prices:
  • July 1, 2026: 243,750 RSUs converted to shares (M) at $0 (acquisition by conversion).
  • July 2, 2026: 126,496 shares sold (S) at $4.45 each, proceeds $563,072.
  • July 1, 2026: 243,750 shares listed as disposed (M) at $0 — reflects administrative/withholding disposition tied to vesting.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Open-market sale represents shares sold to pay withholding taxes on RSU vesting.
  • F2: Each restricted stock unit equals one share of Class A common stock.
  • F3: These were the time-based RSUs that vest 50% on July 1, 2026 and 50% on July 1, 2027.
• Filing timeliness: The Form 4 was filed July 6, 2026. That filing date is timely for the July 2 sale (due two business days after July 2) but appears late for the July 1 conversion/related entry (which would generally be due within two business days after July 1).

Context

• These entries reflect RSU vesting and routine tax-related share handling rather than a fresh cash purchase. The sale was described in the filing as being used to pay withholding taxes on the vested RSUs (a common, non-investment-motivation transaction).
• For retail investors, such tax-withholding sales are typically administrative and do not necessarily signal CEO sentiment about the company’s stock.