indie Semiconductor CEO sells 46,928 shares
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) reported insider equity transactions by Chief Executive Officer Donald McClymont. On August 28, 2026, he received 90,752 Restricted Stock Units (RSUs), fully vested on the grant date and taken in lieu of cash under the 2026 Short Term Incentive Bonus Plan, which were then converted into an equal number of Class A Common shares. On August 31, 2026, 46,928 Class A shares were sold in the open market at $3.7196 per share to pay withholding taxes related to RSU vesting. Following these events, reported holdings include 4,866,425 Class V Common shares directly and 68,115 Class A shares held indirectly by his spouse.
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Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
McClymont Donald
Role
Chief Executive Officer
Sold
46,928 shs ($175K)
Approx. gross sale proceeds
$175K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 46,928 | $3.7196 | $175K |
| Grant/Award | Restricted Stock Units F2, F3 | 90,752 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 90,752 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 90,752 | $0.00 | $0.00 |
| holding | Class V Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 468,441 shares (Direct);
Class V Common Stock — 4,866,425 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 2026 Short Term Incentive Bonus Plan.
Key Figures
Class A shares sold: 46,928 shares
Sale price per Class A share: $3.7196 per share
RSUs granted: 90,752 RSUs
+3 more
6 metrics
Class A shares sold
46,928 shares
Sale on August 31, 2026 to pay withholding taxes from RSU vesting
Sale price per Class A share
$3.7196 per share
Open-market sale of 46,928 Class A shares on August 31, 2026
RSUs granted
90,752 RSUs
Fully vested RSU award on August 28, 2026 in lieu of cash bonus
Shares from RSU conversion
90,752 Class A Common shares
Shares acquired on August 28, 2026 upon RSU conversion
Class V Common Stock holdings
4,866,425 shares
Direct Class V holdings reported as of August 28, 2026
Indirect Class A holdings (spouse)
68,115 shares
Class A shares held indirectly by spouse as of August 28, 2026
Key Terms
Restricted Stock Units, withholding taxes, Short Term Incentive Bonus Plan
3 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.
withholding taxes financial
"sold in the open market to pay for withholding taxes in connection"
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 accordance with the terms of the Issuer's 2026 Short Term Incentive Bonus Plan"
FAQ
What insider transactions did INDI’s CEO Donald McClymont report?
Donald McClymont reported a grant of 90,752 RSUs on August 28, 2026, their conversion into the same number of Class A shares, and a sale of 46,928 Class A shares on August 31, 2026 to cover tax withholding from RSU vesting.
What RSU award did the INDI CEO receive in August 2026?
On August 28, 2026, the CEO received 90,752 Restricted Stock Units, each representing a contingent right to one Class A share. The RSUs were fully vested as of the grant date and represent shares received instead of cash under the 2026 Short Term Incentive Bonus Plan.
Does the INDI CEO have any indirect holdings reported?
Yes. The filing reports 68,115 Class A Common shares of indie Semiconductor held indirectly by his spouse as of August 28, 2026. These are classified as indirect ownership in the holdings section.
AI-generated analysis. How Rhea-AI works. Not financial advice.
