indie Semiconductor (INDI) awards 200,000 restricted stock units to COO
Rhea-AI Filing Summary
Wittmann Michael reported acquisition or exercise transactions in this Form 4 filing.
indie Semiconductor, Inc. reported an equity compensation grant to Chief Operating Officer Michael Wittmann of 200,000 restricted stock units, each representing a contingent right to receive one share of Class A common stock. These time-based RSUs vest 50% on July 1, 2027 and 50% on July 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wittmann Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 200,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 200,000 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- F2. The time-based restricted stock units shall vest and become nonforfeitable with respect to fifty percent (50%) of the total number of restricted stock units on July 1, 2027 and 2028.
Key Figures
RSUs granted: 200,000 units
Grant price: $0.0000 per unit
Total RSUs held after grant: 200,000 units
+2 more
5 metrics
RSUs granted
200,000 units
Restricted stock units granted to the COO on July 27, 2026
Grant price
$0.0000 per unit
Reported transaction price per restricted stock unit
Total RSUs held after grant
200,000 units
Restricted stock units directly held following the reported transaction
First vesting date
July 1, 2027
50% of time-based RSUs vest and become nonforfeitable on this date
Second vesting date
July 1, 2028
Remaining 50% of time-based RSUs vest and become nonforfeitable on this date
Key Terms
Restricted Stock Units, Class A Common Stock, time-based restricted stock units
3 terms
Restricted Stock Units financial
"Security reported is "Restricted Stock Units" granted to the COO"
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.
Class A Common Stock financial
"Each restricted stock unit represents a right to one share of 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.
time-based restricted stock units financial
"The time-based restricted stock units shall vest and become nonforfeitable with respect to 50%"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did indie Semiconductor (INDI) report for Michael Wittmann?
indie Semiconductor reported a grant of 200,000 restricted stock units to Chief Operating Officer Michael Wittmann. Each unit is a contingent right to one share of Class A common stock, vesting in two equal installments on July 1, 2027 and July 1, 2028.
How many RSUs did indie Semiconductor (INDI) grant in this Form 4 filing?
The filing shows a grant of 200,000 restricted stock units to the company’s Chief Operating Officer. Following this award, Wittmann is reported as directly holding 200,000 restricted stock units, all subject to future vesting based on the disclosed time-based schedule.
When do Michael Wittmann’s RSUs reported by INDI vest?
The time-based RSUs vest in two equal tranches: 50% on July 1, 2027 and 50% on July 1, 2028. Vesting must occur before the units become nonforfeitable and can settle into shares of Class A common stock.
What type of security underlies the RSUs granted by indie Semiconductor (INDI)?
Each restricted stock unit represents a contingent right to receive one share of Class A common stock. This means that, upon vesting and settlement, each RSU can convert into a single share of indie Semiconductor’s Class A common stock.
Is the INDI COO’s RSU transaction a market purchase or sale?
The transaction is reported as a grant or award acquisition of restricted stock units, not a market purchase or sale. It reflects equity compensation to the Chief Operating Officer rather than open-market trading activity in indie Semiconductor shares.