indie Semiconductor CEO gets RSUs, sells for tax
indie Semiconductor, Inc. Chief Executive Officer Donald McClymont reported routine equity compensation and related tax transactions.
Rhea-AI Filing Summary
indie Semiconductor, Inc. Chief Executive Officer Donald McClymont reported routine equity compensation and related tax transactions. He received 34,527 Restricted Stock Units (RSUs), fully vested and granted in lieu of cash under the 2025 Short Term Incentive Bonus Plan, each representing one share of Class A common stock.
The RSUs were then converted into 34,527 shares of Class A common stock. On April 6, 2026, 18,420 Class A shares were sold at $2.9862 per share to pay withholding taxes tied to RSU vesting. After these transactions, he directly held 298,500 Class A shares, with additional Class V common stock and indirect Class A holdings reported separately.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
McClymont Donald
Role
Chief Executive Officer
Sold
18,420 shs ($55K)
Approx. gross sale proceeds
$55K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 18,420 | $2.9862 | $55K |
| Grant/Award | Restricted Stock Units | 34,527 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 34,527 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 34,527 | $0.00 | $0.00 |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 298,500 shares (Direct);
Class V Common Stock — 4,916,425 shares (Direct);
Class A Common Stock — 68,115 shares (Indirect, by spouse)
Footnotes (3)
- F1. Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of Restricted Stock Units ("RSUs").
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- F3. Represents Restricted Stock Units that were fully vested as of the grant date. These RSUs represent shares received in lieu of cash in accordance with the terms of the Issuer's 2025 Short Term Incentive Bonus Plan.
Key Figures
RSUs granted: 34,527 units
RSUs converted: 34,527 shares
Shares sold for tax: 18,420 shares
+4 more
7 metrics
RSUs granted
34,527 units
Fully vested RSUs granted in lieu of cash under 2025 Short Term Incentive Bonus Plan
RSUs converted
34,527 shares
RSUs converted into Class A common stock
Shares sold for tax
18,420 shares
Class A shares sold on April 6, 2026 to pay withholding taxes
Sale price
$2.9862 per share
Average price for 18,420 Class A shares sold
Direct Class A holdings
298,500 shares
Direct Class A common stock owned after reported transactions
Class V common stock
4,916,425 shares
Class V common stock holdings reported as of April 3, 2026
Indirect Class A holdings
68,115 shares
Class A common stock held indirectly by spouse
Key Terms
Restricted Stock Units, withholding taxes, Short Term Incentive Bonus Plan, Class A common stock, +1 more
5 terms
Restricted Stock Units financial
"Represents Restricted Stock Units that were fully vested as of the grant date."
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.
withholding taxes financial
"sold in the open market to pay for withholding taxes in connection with the vesting"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Short Term Incentive Bonus Plan financial
"in lieu of cash in accordance with the terms of the Issuer's 2025 Short Term Incentive Bonus Plan"
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.
Class V Common Stock financial
"Class V Common Stock total shares following transaction 4,916,425.0000"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did indie Semiconductor (INDI) CEO Donald McClymont receive in this Form 4 filing?
Donald McClymont received 34,527 Restricted Stock Units (RSUs), fully vested at grant. These RSUs were awarded in lieu of cash under the company’s 2025 Short Term Incentive Bonus Plan, and each RSU represents a contingent right to one Class A common share.
What are Restricted Stock Units (RSUs) in the context of indie Semiconductor (INDI)?
For indie Semiconductor, each Restricted Stock Unit represents a contingent right to receive one Class A common share. In this filing, the RSUs were fully vested at grant and issued instead of cash under the 2025 Short Term Incentive Bonus Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
