INDI (NASDAQ: INDI) affiliate files Rule 144 sale; broker named

Rhea-AI Filing Summary

INDI reported insider sale notices under Rule 144: an affiliate indicated sale of 6,000 restricted common shares and disclosed multiple sales totaling 36,095 shares across recent dates. The filings list individual dispositions on 12/22/2025, 01/05/2026, 03/02/2026, and 03/04/2026 with corresponding proceeds.

The notice identifies the broker Morgan Stanley Smith Barney LLC and shows the securities originate from restricted stock awards dated 12/22/2021. These are affiliate sales reported on Form 144; cash‑flow recipients and any selling plan details are not included in the excerpt.

Insights

Compliance Officer

Rule 144 sale notice filed for affiliate shares; broker and restricted award date are disclosed.

The excerpt lists a proposed sale of 6,000 restricted common shares and prior reported dispositions totaling 36,095 shares across the cited dates. The broker is named as Morgan Stanley Smith Barney LLC and the grants are dated 12/22/2021.

Timing and plan mechanics are not provided here; subsequent filings or broker records would be needed to confirm settlement, proceeds recipients, or whether sale amounts were part of a prearranged plan.

Equity Markets Analyst

Multiple small‑to‑mid scale dispositions were executed recently; scale appears routine for an affiliate sale notice.

Documented dispositions include 24,501.02, 45,649.31, 61,153.35, and 1,343.85 in proceeds on the listed dates, tied to 6,354; 12,448; 17,162; and 531 shares respectively. These figures are reported per trade in the excerpt.

Market impact cannot be assessed from this excerpt alone; the notice format signals compliance reporting rather than a corporate action. Future filings would show whether any remaining restricted shares are sold.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6000	14640.00	207145558	03/13/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/22/2021	Restricted Stock Awards	Issuer			6000	12/22/2021	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
NAIXI WU 32 JOURNEY Aliso Viejo CA 92656	Common	03/04/2026	531	1343.85
NAIXI WU 32 JOURNEY Aliso Viejo CA 92656	Common	03/02/2026	17162	61153.35
NAIXI WU 32 JOURNEY Aliso Viejo CA 92656	Common	01/05/2026	12448	45649.31
NAIXI WU 32 JOURNEY Aliso Viejo CA 92656	Common	12/22/2025	6354	24501.02

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does INDI's Form 144 filing disclose?

The filing discloses a proposed sale of 6,000 restricted common shares and multiple earlier dispositions totaling 36,095 shares across listed dates, with broker identification and award date.

Who is the broker named in the INDI Form 144?

The broker listed is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY, as shown on the notice for the reported transactions.

What were the recent sale dates and share amounts reported?

Reported dispositions occurred on 12/22/2025 (6,354 shares), 01/05/2026 (12,448 shares), 03/02/2026 (17,162 shares), and 03/04/2026 (531 shares), per the excerpt.

Do the filings state who received the sale proceeds?

The excerpt lists dollar proceeds per trade but does not state the recipient of sale proceeds or whether proceeds go to the issuer or selling affiliate in the provided text.

Are the sold shares from equity awards or open‑market holdings?

The securities are identified as originating from Restricted Stock Awards dated 12/22/2021, indicating the shares derive from awards rather than newly issued primary sales.