indie Semiconductor director reports share holdings
indie Semiconductor director Thomas Schiller has filed an initial statement of ownership.
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Form Type
3
Rhea-AI Filing Summary
indie Semiconductor director Thomas Schiller has filed an initial statement of ownership.
He reports direct holdings of 478,540 shares of Class A Common Stock, time-based restricted stock units covering 15,000 and 56,625 underlying shares, performance-based restricted stock units covering 750,000 shares, and employee stock options for 26,492 shares at an exercise price of $11.69 per share expiring on January 3, 2032.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
schiller Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Performance-based Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 26,492 contracts (Direct);
Performance-based Restricted Stock Units — 750,000 contracts (Direct);
Restricted Stock Units — 71,625 contracts (Direct);
Class A Common Stock — 478,540 shares (Direct)
Footnotes (6)
- F1. These stock options vested with respect to twenty-five percent (25%) of the total number of shares of Class A common stock subject to the stock option on each of the first, second, third and fourth anniversaries of the grant date on January 3, 2022.
- F2. These performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price targets set at $20, $30 and $40 per share of indie's Class A common stock prior to the expiration of a four-year performance period ending on December 31, 2026. The number of restricted stock units that vest shall be, 250,000 units at $20 per share, 500,000 units at $30 per share, and 750,000 units at $40 per share.
- F3. Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4. The time-based restricted stock units vest and become nonforfeitable with respect to twenty-five percent (25%) of the total number of restricted stock units on each of the first, second, third and fourth anniversaries of the grant date on January 3, 2023. The time-based restricted stock units reported here represent the remaining total number of restricted stock units that shall vest on the fourth anniversary of the grant date.
- F5. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F6. Such restricted stock units vest at the rate of 25% on January 2, 2026, July 1, 2026, January 4, 2027, and July 1, 2027.
Key Figures
Class A Common Stock held: 478,540 shares
Time-based RSUs grant 1: 15,000 underlying shares
Time-based RSUs grant 2: 56,625 underlying shares
+2 more
5 metrics
Class A Common Stock held
478,540 shares
Direct ownership reported on Form 3
Time-based RSUs grant 1
15,000 underlying shares
Restricted Stock Units with 25% annual vesting from January 3, 2023
Time-based RSUs grant 2
56,625 underlying shares
Restricted Stock Units vesting 25% on January 2, 2026, July 1, 2026, January 4, 2027, and July 1, 2027
Performance-based RSUs
750,000 underlying shares
Contingent on stock price targets before December 31, 2026
Employee stock options
26,492 shares at $11.69
Options on Class A Common Stock expiring January 3, 2032
Key Terms
Restricted Stock Units, Performance-based Restricted Stock Units, Employee Stock Option (right to buy), Class A Common Stock, +1 more
5 terms
Restricted Stock Units financial
"The time-based restricted stock units vest and become nonforfeitable with respect to twenty-five percent (25%) of the total number of restricted stock units..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance-based Restricted Stock Units financial
"These performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price targets..."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) ... total shares following transaction 26492.0000..."
Class A Common Stock financial
"Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Exercise price financial
"Employee Stock Option (right to buy)... conversion_or_exercise_price 11.6900..."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 for indie Semiconductor (INDI) report for Thomas Schiller?
The Form 3 shows director Thomas Schiller’s initial ownership in indie Semiconductor. He holds 478,540 Class A Common shares, multiple time-based restricted stock units, performance-based units, and employee stock options, all reported as direct holdings as of the filing date.
What restricted stock units does Thomas Schiller hold in indie Semiconductor (INDI)?
Schiller holds time-based restricted stock units over 15,000 and 56,625 underlying Class A shares. These units vest in 25% installments on specified anniversaries and remaining dates, ultimately converting into common stock if service-based vesting conditions are met over the stated schedules.
How are Thomas Schiller’s performance-based RSUs in indie Semiconductor (INDI) structured?
He holds 750,000 performance-based restricted stock units, each representing one potential share of Class A Common Stock. Vesting depends on achieving stock price targets of $20, $30, and $40 per share before a four-year performance period ending on December 31, 2026, with specified unit amounts at each level.
What stock options does Thomas Schiller report for indie Semiconductor (INDI)?
Schiller reports employee stock options covering 26,492 Class A Common shares at an exercise price of $11.69 per share. These options vest 25% annually on each of the first four anniversaries of the January 3, 2022 grant date and expire on January 3, 2032 if not exercised.
Do Thomas Schiller’s indie Semiconductor (INDI) RSUs and PSUs convert into common stock one-for-one?
Yes. Each restricted stock unit and each performance-based restricted stock unit represents a contingent right to receive one share of Class A Common Stock. Actual receipt depends on meeting applicable time-based vesting or performance stock price targets described in the Form 3 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
