indie Semiconductor (INDI) CEO Donald McClymont Sells 13,384 Shares

What Happened

• Donald McClymont, CEO of indie Semiconductor, had 25,969 Restricted Stock Units (RSUs) vest/convert on 2026-09-01 and received the equivalent number of shares (no cash exercise cost). He sold 13,384 of those shares in an open-market transaction on 2026-09-02 at $3.53 each, generating $47,286. The remaining shares from this vesting equal 12,585 (25,969 - 13,384). The sale was executed to satisfy tax withholding obligations and is a routine, non-bulish disposition.

Key Details

• Transaction dates and prices:
  • 2026-09-01: Grant/vesting of 25,969 RSUs and conversion/exercise to 25,969 shares at $0.00 (derivative settlement).
  • 2026-09-02: Open-market sale of 13,384 shares at $3.53 for $47,286.
• Shares retained from this vesting: 12,585.
• Footnotes:
  • F1: Shares sold in the open market to pay withholding taxes for the vested RSUs.
  • F2: Each RSU represents a contingent right to one share of Class A common stock.
  • F3: These RSUs were fully vested as of the grant date and were issued in lieu of a portion of cash salary under a voluntary equity compensation program approved June 2023; the number of shares equals the forgone salary divided by the closing price on the grant date.
• Filing: Report filed 2026-09-03 for transactions reported as of 2026-09-01. (No indication in the filing that this was late.)

Context

• This was not a cash purchase but a vesting/settlement of RSUs followed by a sale to cover tax withholding — a common, routine insider action that does not necessarily indicate a change in the CEO’s view of the company. For derivative transactions: RSUs converted to shares at $0.00 and some of those shares were sold immediately to meet tax obligations.