McClymont Donald 4

4 · indie Semiconductor, Inc. · Filed Mar 27, 2026

AI-generated summary of this filing

Updated Mar 27, 2026

indie Semiconductor (INDI) CEO Donald McClymont Sells 50,000 Shares

What Happened

Donald McClymont, CEO of indie Semiconductor (INDI), converted ADK Class A units into Class A common stock and sold 50,000 shares in open-market transactions on March 25, 2026. The sales generated $153,110 at a weighted average price of $3.06 per share (individual sale prices ranged $3.01–$3.10). The conversion/exercise entries are recorded as derivative transactions at $0 in the filing.

Key Details

Transaction date: March 25, 2026; Form 4 filed March 27, 2026.
Sale: 50,000 shares sold in open market; weighted avg price $3.06; total proceeds $153,110 (prices $3.01–$3.10; reporting person can provide per-price breakdown on request).
Derivative activity: The filing also shows exercise/conversion entries (M code) related to ADK Class A unit conversions and cancelation of Class V shares (recorded at $0).
Plan note: Sales were made pursuant to a Rule 10b5-1 trading plan adopted June 13, 2025 (automated sales through June 30, 2027).
Shares owned after transaction: not specified in this Form 4.
Timeliness: Filing covers activity on 3/25/2026 and was filed 3/27/2026 (no late filing indicated).

Context

The filing shows a conversion of ADK units into Class A common stock (per footnotes) followed by an immediate open-market sale under a pre-established 10b5-1 plan — a routine, pre-planned disposition rather than an ad hoc sale. Derivative entries reported at $0 reflect the unit-to-share conversion/cancellation mechanics, not cash proceeds.

Form 4

Period: 2026-03-25

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Class V Common Stock
[F1]
2026-03-25−50,000→ 4,916,425 total
Exercise/Conversion
Class A Common Stock
[F2]
2026-03-25+50,000→ 332,393 total
Sale
Class A Common Stock
[F3][F4]
2026-03-25$3.06/sh−50,000$153,110→ 282,393 total
Exercise/Conversion
ADK Class A Units
[F2][F5]
2026-03-25−50,000→ 4,916,425 total
Exercise: $0.00From: 2021-12-10→ Class A Common Stock (5,366,425 underlying)

Holdings

Footnotes (5)

[F1]Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
[F2]Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
[F3]The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A common stock on predetermined dates and prices through June 30, 2027.
[F4]The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $3.01 to $3.10, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
[F5]N/A

Signature

/s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021|2026-03-27

1 file