Biagianti Diane W. 4

What Happened
Diane W. Biagianti, a director of indie Semiconductor, converted/exercised derivative awards into 59,932 shares on May 28, 2026 and simultaneously disposed of the same 59,932 shares. In addition, she acquired 37,454 restricted stock units (RSUs) on the same date; those RSUs vested on May 28, 2026. Reported prices for these transactions are $0.00 on the Form 4, which is typical for exercises/conversions and vesting events reported without a cash exercise price.

Key Details

• Transaction date: May 28, 2026; Form 4 filed May 29, 2026 (timely filing).
• Exercised/converted (code M): 59,932 shares acquired at $0.00 and 59,932 shares disposed at $0.00 (same-day acquisition and disposition).
• Grant/award (code A): 37,454 RSUs acquired at $0.00 (derivative); footnote indicates each RSU equals one contingent share.
• Footnotes: RSUs were granted under the issuer’s non-employee director compensation policy and vested on May 28, 2026 (or were scheduled to vest earlier of May 28, 2027 or 2027 Annual Meeting).
• Shares owned after transaction: not disclosed in the provided filing.
• No tax-withholding code or 10b5-1 plan noted in the provided details.

Context

• The filing shows a conversion/exercise and an immediate disposition of the resulting shares on the same date; this can reflect settlement or sale following conversion, but the filing does not state proceeds or the reason for disposition.
• The 37,454 RSUs are director compensation that vested on the meeting date; such awards are routine for non-employee directors and do not by themselves indicate a buy/sell signal.
• This filing appears timely (filed the business day after the reported transactions).