[Form 4] indie Semiconductor, Inc. Insider Trading Activity

Rhea-AI Filing Summary

indie Semiconductor director Jeffrey J. Owens received 2,070 Restricted Stock Units (RSUs) on 09/01/2025 that were fully vested as of the grant date. Each RSU represents a contingent right to one share of Class A common stock. A non-derivative entry shows 2,070 shares acquired at $0, leaving 157,817 shares beneficially owned after the transaction. The filing explains these RSUs were issued in lieu of a quarterly cash retainer and any chairperson fees under the board-approved independent director compensation program adopted in June 2023, with the number of shares determined by dividing the forgone cash by INDI's closing price on the grant date.

Insights

Financial Analyst

TL;DR: Routine director compensation converted to equity; transaction is nondilutive at scale and reflects standard governance practice.

The filing reports a director-level compensation election where 2,070 RSUs were issued and fully vested, resulting in 2,070 incremental shares delivered at no cash price to the reporting person and a reported post-transaction beneficial ownership of 157,817 shares. This is a typical equity-for-retainer arrangement and does not reflect option exercise or cash purchase activity. The amounts are small relative to enterprise-wide share counts and present no immediate financing or capital structure signals.

Corporate Governance Expert

TL;DR: Director elected equity in lieu of cash under an approved program; documentation and disclosure meet Section 16 reporting standards.

The Form 4 discloses grant and vesting of RSUs tied to forgone cash retainer and any chair fees, consistent with the board-approved independent director compensation program referenced. The filing includes the required details: grant date, number of RSUs, relationship of reporting person as director, and signature by power of attorney. No departures from standard disclosure practice are apparent within the provided content.

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^*

OWENS JEFFREY 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		2,070	A	$0	157,817	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		2,070		(2)	(2)	Class A Common Stock	2,070	$0	2,070	D
Restricted Stock Units	(1)	09/01/2025		M			2,070	(2)	(2)	Class A Common Stock	2,070	$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/Jeffrey J. Owens, 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did insider Jeffrey J. Owens report on Form 4 for INDI?

The Form 4 reports that Jeffrey J. Owens was issued 2,070 RSUs on 09/01/2025, which were fully vested and represent rights to 2,070 shares of Class A common stock.

How many shares did Owens beneficially own after the reported transaction?

Following the reported transaction, Owens beneficially owned 157,817 shares of Class A common stock according to the filing.

Why were the RSUs granted to the director?

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

What is the economic cost recorded for the acquired shares?

The reported price for the non-derivative acquisition is $0, indicating shares were received in lieu of cash rather than purchased for cash.

When was the Form 4 signed and by whom?

The signature block shows the form was signed on 09/03/2025 by Jeffrey J. Owens via Naixi Wu pursuant to a power of attorney filed on June 21, 2021.