SCHEDULE: Granahan Investment Management Holds 8.8% in Indie Semi

Granahan Investment Management LLC has reported an 8.8% beneficial ownership stake in Indie Semiconductor, Inc. Class A Common Stock.

Summary

• Granahan Investment Management LLC, an investment adviser based in Massachusetts, is the reporting person.
• The filing is an Amendment No. 5 to Schedule 13G for INDIE SEMICONDUCTOR, INC.'s Class A Common Stock.
• Granahan Investment Management LLC beneficially owns an aggregate of 17,474,795 shares of Class A Common Stock.
• This ownership represents 8.8% of the Class A Common Stock outstanding.
• The firm holds sole voting power over 14,450,496 shares and sole dispositive power over 17,474,795 shares.
• All shares are owned by various investment advisory clients of Granahan Investment Management LLC, which is deemed a beneficial owner due to its discretionary power over investment decisions and/or voting rights.

Sentiment

Score: 5

Explanation: The filing is a factual, routine disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the issuer's operations or prospects.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• Brian Granahan, Chief Compliance Officer, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive landscape beyond the fact that an investment adviser holds a significant stake in a semiconductor company.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed as a vote of confidence by a major investor.

Key Dates

Keywords

INDIE SEMICONDUCTOR, Granahan Investment Management, Class A Common Stock, Schedule 13G, beneficial ownership, investment adviser, semiconductor