Form 144: INDI broker lists 43,750 RSUs for resale (INDI)

Rhea-AI Filing Summary

Issuer and broker-dealer Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed resale of 43,750 Restricted Stock Units by an issuer-directed plan, dated 06/01/2026. The filing lists recent sales by Michael Wittmann: 03/09/2026 sale of 18,750 shares for $47,585.63 and 04/06/2026 sale of 4,720 shares for $14,094.39, the latter identified as 10b5-1 sales.

This notice records the broker address and the exchange (NASDAQ) and serves as a regulatory filing of proposed resale activity; timing and cash‑flow treatment for the 43,750 RSUs are stated with the date shown but sales execution details are not included here.

Insights

Securities Attorney

Form 144 records proposed resale of 43,750 RSUs and recent 10b5-1 sales by an insider.

The filing lists 43,750 Restricted Stock Units dated 06/01/2026 as the securities to be sold through Morgan Stanley Smith Barney LLC. It also documents prior dispositions by Michael Wittmann: 18,750 shares on 03/09/2026 for $47,585.63 and 4,720 shares on 04/06/2026 for $14,094.39, the latter noted as 10b5-1 sales.

Regulatory context: this form notifies the SEC of an intended resale method and provides broker/dealer and exchange details. Cash‑flow treatment and execution method for the 43,750 RSUs are not specified in the excerpt; subsequent filings would show completion or actual proceeds if and when sales occur.

Key Figures

RSUs to be sold: 43,750 shares Prior sale (Mar 9): 18,750 shares Prior sale (Apr 6): 4,720 shares +3 more

6 metrics

RSUs to be sold 43,750 shares Restricted Stock Units dated <date>06/01/2026</date>

Prior sale (Mar 9) 18,750 shares <date>03/09/2026</date> sale for <money>$47,585.63</money>

Prior sale (Apr 6) 4,720 shares <date>04/06/2026</date> sale for <money>$14,094.39</money> (10b5-1)

Total reported proceeds (prior sales) <money>$61,680.02</money> Sum of the two listed dispositions in the excerpt

Broker-dealer Morgan Stanley Smith Barney LLC Listed as executing broker for the proposed resale

Exchange NASDAQ Exchange listed on the Form 144 excerpt

Key Terms

Form 144, Restricted Stock Units, 10b5-1

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Units financial

"Common | 06/01/2026 | Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

10b5-1 regulatory

"10b5-1 Sales for MICHAEL WITTMANN"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

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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	43750	213062.50	211288591	06/02/2026	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	06/01/2026	Restricted Stock Units	Issuer			43750	06/01/2026	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
MICHAEL WITTMANN 32 JOURNEY Aliso Viejo CA 92656	Common	04/06/2026	4720	14094.39
10b5-1 Sales for MICHAEL WITTMANN 32 JOURNEY Aliso Viejo CA 92656	Common	03/09/2026	18750	47585.63

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 list for proposed resale?

The filing lists a proposed resale of 43,750 Restricted Stock Units dated 06/01/2026. It identifies Morgan Stanley Smith Barney LLC as the broker-dealer handling the transaction.

Who reported recent sales in the Form 144 and what were the amounts?

Michael Wittmann reported sales of 18,750 shares on 03/09/2026 for $47,585.63 and 4,720 shares on 04/06/2026 for $14,094.39.

Does the filing say any sales were made under a 10b5-1 plan?

Yes. The 04/06/2026 disposition of 4,720 shares by Michael Wittmann is identified as a 10b5-1 sale in the filing, indicating a prearranged plan for that transaction.

Which exchange and broker are listed on the Form 144?

The filing references NASDAQ as the exchange and names Morgan Stanley Smith Barney LLC, Executive Financial Services at 1 New York Plaza, 8th Floor, New York, NY as the broker-dealer.