Form 4: Indie Semiconductor CEO Donald McClymont Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Donald McClymont reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On April 1, 2024, Donald McClymont, CEO of indie Semiconductor, Inc., acquired 2,097 shares of Class A Common Stock indirectly through his spouse.
- These shares were related to restricted stock units and a bonus for fiscal year 2023 performance.
- On April 2, 2024, 949 shares of Class A Common Stock were disposed of at a price of $6.53 to cover withholding taxes related to the vesting of restricted stock units.
- Following these transactions, McClymont directly owns 83,731 shares of Class A Common Stock and 5,639,506 shares of Class V Common Stock.
- His spouse indirectly owns 54,846 shares of Class A Common Stock.
- He also indirectly owns 2,097 Restricted Stock Units through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of key personnel.
Stakeholder Impact
- Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Acquisition of 2,097 shares of Class A Common Stock and Restricted Stock Units. |
| 04/02/2024 | Disposition of 949 shares of Class A Common Stock at $6.53. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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