indie Semiconductor CEO sells 50K shares at $3.11
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) reported that Chief Executive Officer and director Donald McClymont exchanged 50,000 ADK Class A Units for 50,000 shares of Class A Common Stock on September 15, 2026, cancelling an equal number of shares of Class V Common Stock in the process. He then sold 50,000 shares of Class A Common Stock at a weighted average price of $3.1092 per share under a pre‑arranged Rule 10b5‑1 trading plan adopted on June 13, 2025. Following these transactions, he continues to hold a large direct position in ADK Class A Units and there are 68,115 shares of Class A Common Stock held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 50,000 shares ($155K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
McClymont Donald
Role
Chief Executive Officer
Sold
50,000 shs ($155K)
Approx. gross sale proceeds
$155K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$155K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units F2, F5 | 50,000 | $0.00 | $0.00 |
| Exercise | Class V Common Stock F1 | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F2 | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F3, F4 | 50,000 | $3.1092 | $155K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
ADK Class A Units — 4,816,425 contracts (Direct);
Class V Common Stock — 4,816,425 shares (Direct);
Class A Common Stock — 481,026 shares (Direct);
Class A Common Stock — 68,115 shares (Indirect, by spouse)
Footnotes (5)
- F1. Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
- F2. Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
- F3. The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A common stock on predetermined dates and prices through June 30, 2027.
- F4. The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $3.08 to $3.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
- F5. N/A
Key Figures
ADK Class A Units exchanged: 50,000 units
Class A Common Stock received: 50,000 shares
Class A Common Stock sold: 50,000 shares
+5 more
8 metrics
ADK Class A Units exchanged
50,000 units
Exchanged by Donald McClymont on September 15, 2026 for Class A Common Stock
Class A Common Stock received
50,000 shares
Class A Common Stock received upon conversion of ADK Class A Units on September 15, 2026
Class A Common Stock sold
50,000 shares
Open‑market sale by Donald McClymont on September 15, 2026
Weighted average sale price
$3.1092 per share
Weighted average price for the 50,000 Class A shares sold, with trades from $3.08 to $3.17
ADK Class A Units held after exchange
4,816,425 units
Directly held ADK Class A Units reported after the derivative transaction
Indirect Class A Common Stock holding
68,115 shares
Class A Common Stock held indirectly through the CEO’s spouse
Rule 10b5-1 plan adoption date
June 13, 2025
Date Donald McClymont adopted the trading plan covering these sales
Rule 10b5-1 plan end date
June 30, 2027
Plan provides for automated sales of Class A Common Stock through this date
Key Terms
Rule 10b5-1 trading plan, weighted average price, ADK Class A Units, Class V Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ADK Class A Units financial
"Class A Common Stock received upon conversion of ADK Class A Units."
Class V Common Stock financial
"Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did INDI's CEO Donald McClymont do in this Form 4 filing?
Donald McClymont exchanged 50,000 ADK Class A Units into 50,000 shares of Class A Common Stock, cancelling the same number of Class V Common shares, and then sold 50,000 Class A shares on September 15, 2026 under an existing Rule 10b5‑1 trading plan.
What are the ADK Class A Units referenced in the INDI Form 4?
The ADK Class A Units are exchangeable securities that may be exchanged by Donald McClymont, any time after December 10, 2021, for an equal number of shares of Class A Common Stock or, at indie Semiconductor’s election, for cash equal to the fair market value of those shares.
How did the transaction affect INDI Class V Common Stock held by the CEO?
When Donald McClymont exchanged 50,000 ADK Class A Units for Class A Common Stock, an equivalent 50,000 shares of Class V Common Stock were cancelled, consistent with the exchange terms described in the footnotes.
Was the INDI CEO’s stock sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states the sales were made under a Rule 10b5‑1 trading plan adopted by Donald McClymont on June 13, 2025, which provides for automated open‑market sales of Class A Common Stock on predetermined dates and prices through June 30, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
