indie Semiconductor CEO sells 13,384 shares
INDI’s CEO reported a fully vested RSU salary-in-lieu grant and a tax-driven sale of Class A shares tied to that vesting.
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) director and Chief Executive Officer Donald McClymont reported equity compensation and related share activity. On September 1, 2026 he received a grant of 25,969 Restricted Stock Units, fully vested at grant and issued in lieu of a percentage of cash salary under a voluntary equity compensation program; each unit represents one share of Class A Common Stock, and they were concurrently converted into 25,969 Class A shares. On September 2, 2026 he sold 13,384 Class A shares at $3.533 per share in open-market transactions to pay withholding taxes arising from the RSU vesting. Separate holding entries show 4,866,425 Class V Common shares held directly and 68,115 Class A shares held indirectly by his spouse. No Rule 10b5-1 trading plan is reported.
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
13,384 shs ($47K)
Approx. gross sale proceeds
$47K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 13,384 | $3.533 | $47K |
| Grant/Award | Restricted Stock Units F2, F3 | 25,969 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 25,969 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 25,969 | $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 — 481,026 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.
- 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 Restricted Stock Units represent shares received in lieu of a percentage of cash salary as part of a voluntary equity 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 salary, divided by the closing trading price of INDI on the date of grant.
Key Figures
Class A shares sold: 13,384 shares
Sale price per Class A share: $3.533 per share
Restricted Stock Units granted: 25,969 RSUs
+3 more
6 metrics
Class A shares sold
13,384 shares
Open-market sale on September 2, 2026 to pay withholding taxes
Sale price per Class A share
$3.533 per share
Tax-related sale of 13,384 Class A shares on September 2, 2026
Restricted Stock Units granted
25,969 RSUs
Fully vested RSU grant on September 1, 2026, each for one Class A share
Class A shares from RSU conversion
25,969 shares
Shares received from conversion of fully vested RSUs on September 1, 2026
Class V Common Stock holdings
4,866,425 shares
Direct holdings of Class V Common Stock as of September 1, 2026 entry
Indirect Class A holdings (spouse)
68,115 shares
Class A Common Stock held indirectly by spouse as reported in holding entry
Key Terms
Restricted Stock Units, withholding taxes, voluntary equity compensation program, Class V Common Stock
4 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.
voluntary equity compensation program financial
"shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program"
Class V Common Stock financial
"Class V Common Stock total shares following transaction 4,866,425.0000"
FAQ
What insider transactions did INDI’s CEO report on this Form 4?
Donald McClymont reported a grant of 25,969 Restricted Stock Units on September 1, 2026, their conversion into 25,969 Class A shares, and a sale of 13,384 Class A shares at $3.533 per share on September 2, 2026 to cover withholding taxes from the RSU vesting.
What RSU award did INDI’s CEO receive according to this filing?
On September 1, 2026 he received 25,969 Restricted Stock Units, each representing a contingent right to receive one share of Class A Common Stock. The RSUs were fully vested as of the grant date and were issued in lieu of a percentage of cash salary under a voluntary equity compensation program.
Were the RSUs for INDI’s CEO part of a cash salary replacement program?
Yes. A footnote states the 25,969 Restricted Stock Units represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program approved by the Board of Directors in June 2023, with the share number based on INDI’s closing price on the grant date.
Does the INDI Form 4 indicate trades under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for these transactions. The sale of 13,384 Class A shares is instead described as made to pay tax withholding obligations from RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
