indie Semiconductor (INDI) CEO Donald McClymont Sells 46,928 Shares

What Happened

• Donald McClymont, CEO of indie Semiconductor, had 90,752 Restricted Stock Units (RSUs) that vested and were converted to 90,752 shares on 2026-08-28 (recorded as grant/award and exercise/conversion at $0.00). Following the vesting/conversion, McClymont sold 46,928 shares in the open market on 2026-08-31 at $3.72 per share, producing proceeds of $174,553. The RSUs were granted in lieu of cash under the company's 2026 Short Term Incentive Bonus Plan.

Key Details

• Transaction dates and prices:
  • 2026-08-28: 90,752 RSUs granted/converted to shares (exercise/conversion price reported $0.00).
  • 2026-08-31: Open-market sale of 46,928 shares at $3.72/share for $174,553.
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes:
  • Sale was to pay withholding taxes associated with RSU vesting (tax-withholding sale).
  • Each RSU equals one share; the RSUs were fully vested as of the grant date and issued in lieu of cash.
• Filing timeliness: Filing dated 2026-09-01; no late filing indicated relative to the reported transaction dates.

Context

• This sequence (RSU vesting → conversion to shares → partial sale to cover taxes) is a routine, non-discretionary event tied to compensation, not necessarily a market-timing trade. The $0.00 exercise/conversion indicates the RSUs converted to shares without an out‑of‑pocket purchase; the partial sale funded tax obligations.