indie Semiconductor director granted 9,860 RSUs
Director David J. Aldrich received fully vested RSUs in lieu of cash fees, which were immediately converted into Class A Common Stock of INDI.
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) reported that director David J. Aldrich received a grant of 9,860 Restricted Stock Units on September 1, 2026, representing a fully vested award in lieu of his quarterly cash retainer and any chairperson fees under a voluntary independent director compensation program. Each unit was then converted into 9,860 shares of Class A Common Stock at no cash exercise price, bringing his directly held Class A Common Stock position to 263,392 shares. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,860 shares exercised/converted
Exercise
3 txns
Insider
ALDRICH DAVID J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 9,860 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2 | 9,860 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 9,860 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 263,392 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- F2. Represents Restricted Stock Units that were fully vested as of the grant date. These Restricted Stock Units 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.
Key Figures
Restricted Stock Units granted: 9,860 units
RSUs converted to Class A Common Stock: 9,860 shares
Class A Common Stock holdings after transaction: 263,392 shares
+2 more
5 metrics
Restricted Stock Units granted
9,860 units
Fully vested RSUs granted on September 1, 2026, in lieu of cash fees
RSUs converted to Class A Common Stock
9,860 shares
Conversion of RSUs into Class A Common Stock on September 1, 2026
Class A Common Stock holdings after transaction
263,392 shares
Directly held by David J. Aldrich following the September 1, 2026 transactions
Transaction price per share
$0.00 per share
Price reported for the RSU grant and related share issuance
Derivative exercises reported
1 exercise, 9,860 underlying shares
Exercise or conversion of derivative security on September 1, 2026
Key Terms
Restricted Stock Units, Class A Common Stock, independent director compensation program, quarterly cash retainer, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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 contingent right to receive 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.
independent director compensation program financial
"as part of a voluntary independent director compensation program as approved by the Board"
quarterly cash retainer financial
"represent shares received in lieu of a quarterly cash retainer and chairperson fees"
chairperson fees financial
"represent shares received in lieu of a quarterly cash retainer and chairperson fees"
FAQ
What insider transaction did INDI director David J. Aldrich report on this Form 4?
David J. Aldrich reported a grant of 9,860 Restricted Stock Units on September 1, 2026, which were fully vested and then converted into 9,860 shares of indie Semiconductor Class A Common Stock at a price of $0.00 per share.
What do the 9,860 Restricted Stock Units reported for INDI represent?
The 9,860 Restricted Stock Units represent a fully vested award granted in lieu of a quarterly cash retainer and any chairperson fees under a voluntary independent director compensation program approved by the Board of Directors in June 2023.
Were the INDI insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for the transactions disclosed on September 1, 2026, involving Restricted Stock Units and Class A Common Stock.
What security types are involved in David J. Aldrich’s Form 4 for INDI?
The filing involves Restricted Stock Units (a derivative security) and their conversion into Class A Common Stock. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock of indie Semiconductor.
How were the number of INDI RSUs determined for David J. Aldrich’s grant?
The 9,860 RSUs equal the amount of forgone quarterly cash retainer and any chairperson fees divided by the closing trading price of INDI on the grant date, according to the independent director compensation program terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
