indie Semiconductor (INDI) Director Vesting: 4,967 RSUs Converted to Shares

Rhea-AI Filing Summary

David J. Aldrich, a director of indie Semiconductor, Inc. (INDI), reported equity transactions dated 09/01/2025 showing vested restricted stock units and resulting share ownership. He received 4,967 shares through RSUs that vested as of the grant date and were settled at a $0 per-share purchase price because they reflect compensation rather than a cash purchase. After the transactions, Mr. Aldrich beneficially owns 176,365 shares of Class A common stock. The filing notes these RSUs were issued in lieu of quarterly cash retainers and any chairperson fees under a director compensation program approved by the board in June 2023.

Insights

Corporate Governance Expert

Insider compensation through vested RSUs aligns director incentives with shareholders without immediate cash outlay.

The Form 4 documents a routine director compensation settlement: 4,967 RSUs vested and were converted into Class A shares for Director David Aldrich. The disclosure indicates these awards were part of an approved voluntary program converting cash retainers into equity, which is a common governance practice to further align interests. The transaction appears non-disclosable as a material corporate event beyond normal compensation reporting and carries no purchase price, reflecting share settlement of compensation.

Securities Analyst

Transaction increases insider share count modestly; no cash consideration and no new debt or dilutive issuance reported here.

The filing shows 4,967 RSUs vested and were settled into the same number of Class A shares, and an additional line reports 4,967 shares acquired with price $0, yielding total beneficial ownership of 176,365 shares post-transaction. This is a routine equity-compensation disclosure under Section 16 and does not indicate opportunistic trading or external financing. Impact on capitalization is limited to issuance/settlement of director compensation 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^*

ALDRICH DAVID J

(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)
09/01/2025

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	09/01/2025		M		4,967	A	$0	176,365	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)	09/01/2025		A		4,967		(2)	(2)	Class A Common Stock	4,967	$0	4,967	D
Restricted Stock Units	(1)	09/01/2025		M			4,967	(2)	(2)	Class A Common Stock	4,967	$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/ David Aldrich, by Naixi Wu pursuant to power of attorney filed on June 21, 2021	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transaction did David J. Aldrich report on Form 4 for INDI?

He reported the vesting and settlement of 4,967 restricted stock units into 4,967 shares of Class A common stock on 09/01/2025.

How many INDI shares does David Aldrich beneficially own after the transaction?

Following the reported transactions, he beneficially owns 176,365 shares of Class A common stock.

Was there any cash payment for the shares David Aldrich received?

No. The reported price for the acquired shares is listed as $0, reflecting settlement of RSUs as compensation.

Why were the RSUs granted to David Aldrich?

The RSUs were issued in lieu of a quarterly cash retainer and any chairperson fees under a voluntary director compensation program approved by the board in June 2023.

When was the Form 4 signed and filed?

The Form 4 shows a signature dated 09/03/2025 executed by David Aldrich via power of attorney.