Director at indie Semiconductor (INDI) takes RSU grant in stock, not cash

Rhea-AI Filing Summary

indie Semiconductor director Diane D. Brink reported equity-based compensation rather than open-market trading. On March 1, 2026, she received a grant of 3,074 restricted stock units (RSUs), fully vested at grant and issued in lieu of her quarterly cash retainer and any chairperson fees.

The RSUs were then exercised into 3,074 shares of Class A common stock at a stated price of $0.00 per share, bringing her directly held Class A common stock to 169,906 shares.

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

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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^*

Brink Diane D

(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		3,074	A	$0	169,906	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		3,074		(2)	(2)	Class A Common Stock	3,074	$0	3,074	D
Restricted Stock Units	(1)	03/01/2026		M			3,074	(2)	(2)	Class A Common Stock	3,074	$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/ Diane D. Brink, 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did indie Semiconductor (INDI) director Diane Brink report in this Form 4?

Diane Brink reported equity awards, not an open-market trade. She received 3,074 fully vested restricted stock units, which were immediately converted into 3,074 shares of Class A common stock as part of her independent director compensation program.

How many indie Semiconductor (INDI) RSUs were granted to Diane Brink?

She was granted 3,074 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Class A common stock, and in this case the RSUs were fully vested as of the grant date under the director compensation program.

Were the indie Semiconductor (INDI) RSUs granted to Diane Brink tied to cash retainers?

Yes. The RSUs represent shares received instead of a quarterly cash retainer and any chairperson fees. The number of RSUs equals the forgone cash amount divided by indie Semiconductor’s closing trading price on the grant date, under a voluntary director compensation program.

Did Diane Brink buy or sell indie Semiconductor (INDI) shares on the market?

No market buy or sell is shown. The filing reflects a grant of restricted stock units and their conversion into common shares at a stated price of $0.00 per share, rather than an open-market purchase or sale transaction.

How many indie Semiconductor (INDI) shares does Diane Brink hold after this Form 4?

After the transactions, Diane Brink directly holds 169,906 shares of Class A common stock. This total reflects the addition of 3,074 shares received from the conversion of her fully vested restricted stock units reported in the filing.

What is the conversion ratio for Diane Brink’s indie Semiconductor (INDI) RSUs?

Each restricted stock unit converts into one share of Class A common stock. The filing states that each RSU represents a contingent right to receive one share, so 3,074 RSUs converted into 3,074 Class A common shares upon exercise.