Director at indie Semiconductor (INDI) swaps fees for 6,148 shares

Rhea-AI Filing Summary

indie Semiconductor director David J. Aldrich reported equity compensation and a related share issuance. On March 1, 2026, he received a grant of 6,148 Restricted Stock Units, each representing a contingent right to receive one share of Class A common stock. These RSUs were fully vested on the grant date and were issued in lieu of his quarterly cash retainer and any chairperson fees under a voluntary independent director compensation program approved by the Board in June 2023. The number of RSUs equaled the forgone cash amounts divided by the closing trading price of INDI on the grant date.

On the same date, the 6,148 RSUs were exercised, resulting in the acquisition of 6,148 shares of Class A common stock at a price of $0.00 per share. Following these transactions, Aldrich directly held 188,979 shares of indie Semiconductor Class A common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ALDRICH DAVID J

(Last) (First) (Middle)

C/O INDIE SEMICONDUCTOR

32 JOURNEY

(Street)

ALISO VIEJO CA 92656

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
indie Semiconductor, Inc. [ INDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/01/2026		M		6,148	A	$0	188,979	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/01/2026		A		6,148		(2)	(2)	Class A Common Stock	6,148	$0	6,148	D
Restricted Stock Units	(1)	03/01/2026		M			6,148	(2)	(2)	Class A Common Stock	6,148	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

2. Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a quarterly cash retainer and chairperson fees, if any, as part of a voluntary independent director compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone quarterly cash retainer and chairperson fees, if any, divided by the closing trading price of INDI on the date of grant.

	/s/ David Aldrich, by Naixi Wu pursuant to power of attorney filed on June 21, 2021	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did indie Semiconductor (INDI) director David J. Aldrich report?

David J. Aldrich reported receiving 6,148 fully vested Restricted Stock Units on March 1, 2026, then exercising them into 6,148 shares of Class A common stock at $0.00 per share as equity compensation in lieu of cash director fees.

How many indie Semiconductor (INDI) shares does David J. Aldrich hold after this Form 4?

After the March 1, 2026 transactions, David J. Aldrich directly holds 188,979 shares of indie Semiconductor Class A common stock. This total reflects the conversion of 6,148 fully vested Restricted Stock Units into an equal number of common shares at no cash exercise price.

Were David J. Aldrich’s indie Semiconductor (INDI) transactions open-market purchases or sales?

The reported transactions were not open-market buys or sells. Aldrich received 6,148 Restricted Stock Units as a grant and then exercised them into 6,148 Class A common shares at $0.00 per share as part of his director compensation, replacing cash fees.

What is the nature of the Restricted Stock Units granted to the indie Semiconductor (INDI) director?

Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock. For David J. Aldrich, the 6,148 RSUs were fully vested on the grant date and issued instead of a quarterly cash retainer and any chairperson fees.

How were the 6,148 RSUs for indie Semiconductor (INDI) director David J. Aldrich calculated?

The 6,148 Restricted Stock Units were calculated by dividing Aldrich’s forgone quarterly cash retainer and any chairperson fees by the closing trading price of INDI on the March 1, 2026 grant date, under a voluntary director compensation program approved in June 2023.

What compensation program led to David J. Aldrich’s RSU grant at indie Semiconductor (INDI)?

The RSU grant arose from a voluntary independent director compensation program approved by indie Semiconductor’s Board in June 2023. Under this program, directors can receive fully vested RSUs in lieu of their quarterly cash retainer and any chairperson fees, based on the grant-date closing share price.