Michael Wittmann sells INDI shares (NASDAQ: INDI) — 3 recent trades disclosed

Rhea-AI Filing Summary

INDI reported proposed and recent insider dispositions under Rule 144. The filing lists restricted and performance shares granted on specific dates (e.g., 01/03/2024, 03/08/2024, 03/01/2025, 03/06/2025, 01/03/2026) with individual grant counts. The filing also records actual sales by Michael Wittmann during the past three months: 18,750 shares on 03/09/2026, 4,720 shares on 04/06/2026, and 37,500 shares on 06/02/2026, with reported proceeds shown.

Insights

Securities Compliance Counsel

Rule 144 notice of proposed and recent sales by an affiliate; procedural disclosure.

The filing lists restricted and performance share grants by grant date and count, which are background holdings and grant history. It separately records three sales by Michael Wittmann with dates, share counts, and gross proceeds figures reported in the table.

Timing and cash‑flow treatment follow the disclosure format for sales; further detail on whether sales were pursuant to a trading plan is not included in the excerpt.

Key Figures

Sale on 06/02/2026: 37,500 shares Sale on 03/09/2026: 18,750 shares Sale on 04/06/2026: 4,720 shares +3 more

6 metrics

Sale on 06/02/2026 37,500 shares gross proceeds $192,480.00

Sale on 03/09/2026 18,750 shares gross proceeds $47,585.63

Sale on 04/06/2026 4,720 shares gross proceeds $14,094.64

Restricted Stock grant 03/08/2024 13,890 shares grant date <date>03/08/2024</date>

Performance Shares grant 03/06/2025 7,996 shares grant date <date>03/06/2025</date>

Performance Shares grant 01/03/2026 7,284 shares grant date <date>01/03/2026</date>

Key Terms

Form 144, Restricted Stock, Performance Shares, gross proceeds

4 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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 financial

"Common | 01/03/2024 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Performance Shares financial

"Common | 03/06/2025 | Performance Shares | Issuer"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

gross proceeds financial

"MICHAEL WITTMANN ... | Common | 06/02/2026 | 37500 | 192480.00"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

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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	39645	190450.62	211288591	06/04/2026	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	01/03/2024	Restricted Stock	Issuer			824	01/03/2024	Not Applicable
Common	03/08/2024	Restricted Stock	Issuer			13890	03/08/2024	Not Applicable
Common	04/01/2024	Restricted Stock	Issuer			2400	04/01/2024	Not Applicable
Common	03/01/2025	Restricted Stock	Issuer			7251	03/01/2025	Not Applicable
Common	03/06/2025	Performance Shares	Issuer			7996	03/06/2025	Not Applicable
Common	01/03/2026	Performance Shares	Issuer			7284	01/03/2026	Not Applicable

* 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	06/02/2026	37500	192480.00
MICHAEL WITTMANN 32 Journey Aliso Viejo CA 92656	Common	04/06/2026	4720	14094.64
MICHAEL WITTMANN 32 Journey Aliso Viejo CA 92656	Common	03/09/2026	18750	47585.63

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)

FAQ

What does the INDI Form 144 disclose about Michael Wittmann's recent sales?

The filing discloses that Michael Wittmann sold 18,750 shares on 03/09/2026, 4,720 shares on 04/06/2026, and 37,500 shares on 06/02/2026. The table lists the gross proceeds for each transaction alongside the dates.

Which types of equity grants are listed in the INDI Form 144?

The filing lists Restricted Stock and Performance Shares with grant dates such as 01/03/2024, 03/08/2024, 03/01/2025, and 03/06/2025, including the number of shares granted for each date.

Are the grant counts in the Form 144 registered for resale?

The filing shows grant dates and share counts for restricted and performance awards (for example, 13,890 on 03/08/2024), which are listed as issuer grants. The excerpt does not state that those grant counts themselves are being registered for resale.

Does the Form 144 specify whether the sales were made under a trading plan?

The excerpt does not include language identifying a Rule 10b5‑1 or other prearranged trading plan. It reports sale dates, share counts, and proceeds; no trading‑plan disclosure appears in the provided text.

What proceeds are reported for the largest sale in the Form 144 excerpt?

The largest reported sale in the excerpt is 37,500 shares on 06/02/2026 with gross proceeds shown as $192,480.00 in the table accompanying the sale entries.