Ichiro Aoki sells shares under 10b5-1 plan (INDI)

Rhea-AI Filing Summary

Reported sales of Common stock under a 10b5-1 plan by Ichiro Aoki. The filing lists multiple off-market dispositions of Common shares on several dates in March and April 2026, including transactions of 50,000 shares on 03/27/2026 and 100,000 shares on 03/26/2026 with dollar amounts shown per trade. The transactions are presented as 10b5-1 sales and identify Morgan Stanley Smith Barney LLC as the executing broker.

Insights

Securities Compliance Analyst

Dispositions were executed under a pre-arranged 10b5-1 plan, per the filing.

The filing lists a sequence of sales by Ichiro Aoki labeled as 10b5-1 Sales, which indicates trades executed pursuant to a pre-established trading plan that typically limits discretionary timing by the reporting person. The broker shown is Morgan Stanley Smith Barney LLC.

Confirmatory items to watch in subsequent filings include total shares sold to date and any Form 4/Form 5 updates that reconcile holdings; timing and counterparty settlement details are not provided in the excerpt.

Key Figures

Sale on 03/26/2026: 100,000 shares Sale on 03/27/2026: 50,000 shares Sale on 03/25/2026: 50,000 shares +4 more

7 metrics

Sale on 03/26/2026 100,000 shares 03/26/2026 reported 10b5-1 sale

Sale on 03/27/2026 50,000 shares 03/27/2026 reported 10b5-1 sale for $158,570

Sale on 03/25/2026 50,000 shares 03/25/2026 reported 10b5-1 sale for $156,915

Sale on 03/24/2026 50,000 shares 03/24/2026 reported 10b5-1 sale for $141,555

Sale on 03/23/2026 50,000 shares 03/23/2026 reported 10b5-1 sale for $130,260

Sale on 04/06/2026 3,506 shares 04/06/2026 reported 10b5-1 sale for $10,469.62

Broker Morgan Stanley Smith Barney LLC Executing broker listed on the filing

Key Terms

10b5-1, Form 144, Founders Shares

3 terms

10b5-1 regulatory

"10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo"

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.

Form 144 regulatory

"Filer Information"

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.

Founders Shares financial

"Founders Shares | Issuer | 50000 | 02/09/2007"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

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

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	50000	169500.00	207145558	04/21/2026	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	02/09/2007	Founders Shares	Issuer			50000	02/09/2007	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
ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	04/06/2026	3506	10469.62
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/27/2026	50000	158570.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/26/2026	100000	327705.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/25/2026	50000	156915.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/24/2026	50000	141555.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/23/2026	50000	130260.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/20/2026	50000	129655.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/19/2026	50000	128595.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/18/2026	50000	129875.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/17/2026	50000	129440.00
10b5-1 Sales for ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/16/2026	50000	126960.00
ICHIRO AOKI 32 JOURNEY Aliso Viejo CA 92656	Common	03/02/2026	4573	16279.88

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 trades did Ichiro Aoki report in the Form 144 for INDI?

Ichiro Aoki reported multiple sales of Common stock under a 10b5-1 plan. The filing lists dated sales in March–April 2026, including 50,000 shares on 03/27/2026 and 100,000 shares on 03/26/2026 with dollar amounts per trade.

Were these sales made under a Rule 10b5-1 plan for INDI?

Yes — the filing labels the transactions as 10b5-1 sales. Each reported trade in the excerpt is described as a "10b5-1 Sale," indicating execution under a pre-arranged trading plan as stated in the document.

Which broker executed the reported transactions in the Form 144?

Morgan Stanley Smith Barney LLC is listed as the executing broker. The filing shows the broker address and identifies Morgan Stanley Smith Barney LLC in connection with the reported Common stock dispositions.

What are the largest single trades listed in this Form 144 excerpt?

The excerpt shows a 100,000-share sale on 03/26/2026 and multiple 50,000-share sales. Each trade entry includes a dollar value for that transaction adjacent to the share count in the provided text.

Does the Form 144 excerpt state total proceeds or aggregate shares sold-to-date?

The excerpt shows dollar amounts per trade but does not present an explicit aggregate total. Individual trade proceeds (for example, $158,570 for 50,000 shares on 03/27/2026) are shown next to each reported sale.