CEO at indie Semiconductor (NASDAQ: INDI) sells shares for taxes and RSUs
Rhea-AI Filing Summary
indie Semiconductor, Inc. reported insider equity activity by Chief Executive Officer and director Donald McClymont. On January 3, 2026, time-based and performance-based restricted stock units converted into Class A common stock, including blocks of 6,154, 71,625 and 143,250 shares as awards vested after performance goals were certified and time-based conditions were met.
On January 5, 2026, McClymont sold 2,239, 26,028 and 54,690 Class A shares at $3.6672 per share, and the filing explains these sales were to pay withholding taxes tied to the RSU vesting. After these transactions, he directly held 186,202 Class A shares and 4,966,425 shares of Class V common stock, plus 68,115 Class A shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
McClymont Donald
Role
Chief Executive Officer
Sold
82,957 shs ($304K)
Approx. gross sale proceeds
$304K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,239 | $3.6672 | $8K |
| Sale | Class A Common Stock | 26,028 | $3.6672 | $95K |
| Sale | Class A Common Stock | 54,690 | $3.6672 | $201K |
| Exercise | Restricted Stock Units | 6,154 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 71,625 | $0.00 | $0.00 |
| Exercise | Performance-based Restricted Stock Units | 143,250 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,154 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 71,625 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 143,250 | $0.00 | $0.00 |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 71,625 shares (Direct);
Performance-based Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 186,202 shares (Direct);
Class V Common Stock — 4,966,425 shares (Direct);
Class A Common Stock — 68,115 shares (Indirect, by spouse)
Footnotes (5)
- 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- F3. The time-based restricted stock units shall vest and become nonforfeitable with respect to twenty-five percent (25%) of the total number of restricted stock units on each of the first, second, third and fourth anniversaries of the grant date.
- F4. Acquired upon achievement of certain predetermined performance criteria pursuant to a performance-based restricted stock units award (PSU Award) granted on January 3, 2023 (Award Date). The Compensation Committee certified the achievement of the performance criteria on March 6, 2025.
- F5. Represents shares of Class A common stock underlying the PSU Award previously granted by the Issuer on Award Date, the vesting of which was subject to the Issuer's achievement of certain predetermined performance criteria. The Compensation Committee certified the achievement of the performance criteria on March 6, 2025. 50% of the number of shares of Class A common stock reported herein vested on March 6, 2025, and the remaining 50% vested on January 3, 2026.
FAQ
What does the indie Semiconductor (INDI) Form 4 report for Donald McClymont?
The Form 4 reports that Chief Executive Officer and director Donald McClymont had restricted stock units and performance-based restricted stock units convert into Class A common stock on January 3, 2026, followed by open-market sales of some Class A shares on January 5, 2026.
What restricted stock unit awards vested for the indie Semiconductor (INDI) CEO?
The filing shows time-based restricted stock units and performance-based restricted stock units converting into Class A shares, including 6,154, 71,625 and 143,250 underlying shares, after performance criteria were certified on March 6, 2025 and time-vesting conditions were satisfied.
How do the indie Semiconductor (INDI) time-based RSUs vest for the CEO?
The filing explains that the time-based restricted stock units vest and become nonforfeitable in 25% increments on each of the first, second, third and fourth anniversaries of the grant date.
What conditions applied to the indie Semiconductor (INDI) performance-based RSUs?
The performance-based restricted stock units were granted on January 3, 2023, with vesting subject to predetermined performance criteria. The Compensation Committee certified achievement on March 6, 2025, with 50% of the underlying Class A shares vesting on that date and the remaining 50% vesting on January 3, 2026.
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