INDI (NASDAQ) Rule 144: Founder sells; 175,000 Class A shares listed

Rhea-AI Filing Summary

Issuer submitted a Rule 144 notice reporting 175,000 shares of Class A Common scheduled for resale. The filing lists Founder Stock issued on 02/09/2007 and documents multiple open-market dispositions by Ichiro Aoki, including several 50,000-share sales in March–May 2026.

Insights

Securities Attorney

Rule 144 notice lists 175,000 founder shares and multiple recent sales.

The filing is a regulatory notice under Rule 144 reporting the proposed resale of 175,000 shares of Class A Common originally issued as Founder Stock on 02/09/2007. It documents prior transactions by the same holder across March–May 2026.

Timing and mechanics of any future sales depend on Rule 144 conditions; the filing itself does not state whether resale proceeds go to the issuer or selling holder and does not modify transfer restrictions.

Key Figures

Resale reported: 175,000 shares Single disposals shown: 50,000 shares Smaller disposal: 6,500 shares +2 more

5 metrics

Resale reported 175,000 shares Class A Common; Founder Stock issued 02/09/2007

Single disposals shown 50,000 shares Multiple open-market sales by Ichiro Aoki in March–May 2026

Smaller disposal 6,500 shares Sale by Ichiro Aoki on 04/21/2026 for proceeds reported

Sample proceeds $249,298.83 Proceeds from a 50,000-share sale on 05/22/2026

Sample proceeds $105,028.39 Proceeds from a 20,100-share sale on 05/26/2026

Key Terms

Rule 144, Founder Stock, Class A Common

3 terms

Rule 144 regulatory

"Rule 144 notice reporting up to 175,000 shares for resale"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Founder Stock market

"Founder Stock issued on 02/09/2007"

Class A Common market

"Securities To Be Sold: Class A Common"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What does INDI's Form 144 report?

The filing reports a Rule 144 notice for 175,000 shares of Class A Common. It also lists numerous recent open-market sales by Ichiro Aoki between 03/16/2026 and 05/26/2026.

Who is the selling party named in the INDI filing?

The filing lists Ichiro Aoki as the transacting holder. It shows multiple dispositions by Aoki, including repeated 50,000-share sales in March–May 2026.

What class of securities is covered in the Form 144 for INDI?

The notice covers Class A Common stock identified as Founder Stock issued on 02/09/2007. The filing ties the registered resale quantity to this class and issuance date.

Do the listed past sales affect the Rule 144 registration amount?

The filing separately lists prior sales during the past three months; it also reports the resale quantity of 175,000 shares. The past sales are disclosed as historical transactions and are shown alongside the resale notice.

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
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	175000	885027.50	211289000	05/27/2026	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 *
Class A Common	02/09/2007	Founder Stock	Issuer			175000	02/09/2007	Compensation

* 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
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	05/26/2026	20100	105028.39
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	05/22/2026	50000	249298.83
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	05/11/2026	50000	237284.08
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	04/30/2026	50000	224129.35
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	04/30/2026	50000	213090.57
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	04/27/2026	50000	200454.83
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	04/24/2026	50000	186675.12
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	04/23/2026	43500	152719.32
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	04/21/2026	6500	22565.43
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/27/2026	50000	157064.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/26/2026	50000	161779.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/26/2026	50000	162920.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/25/2026	50000	155409.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/24/2026	50000	140049.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/23/2026	50000	128754.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/20/2026	50000	128149.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/19/2026	50000	127089.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/18/2026	50000	128369.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/17/2026	50000	127934.00
Ichiro Aoki 32 Journey Aliso Viejo CA 92656	Common Stock	03/16/2026	50000	125454.00

144: Remarks and Signature

Remarks

Date of Notice

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)