[144] indie Semiconductor, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for indie Semiconductor, Inc. (INDI) shows a proposed sale of 20,908 restricted common shares acquired on 09/05/2025 with an approximate aggregate market value of $82,649.32. The filing lists 216,173,315 shares outstanding and an approximate sale date of 09/10/2025 on NASDAQ. The acquisition was recorded as Restricted Stock with payment on 09/05/2025. The filer also reported sales by Michael Wittmann during the prior three months totaling 75,927 shares for gross proceeds of $321,885.06 across trades on 07/02/2025, 09/02/2025, and 09/08/2025. The notice includes the standard Rule 144 representation regarding lack of undisclosed material adverse information.

Positive

• Clear disclosure of the proposed sale amount, acquisition date, nature of acquisition (Restricted Stock), broker, and approximate sale date
• Prior sales reported for the same person are fully itemized with dates, amounts, and gross proceeds, supporting transparency

Negative

• Insider selling activity in the past three months totaling 75,927 shares for $321,885.06 may warrant attention from investors tracking insider transactions

Insights

Securities Analyst

TL;DR: Insider filing reports a small planned sale relative to total shares outstanding and recent insider selling activity.

The proposed sale of 20,908 restricted shares (aggregate market value $82,649.32) represents a de minimis fraction of the 216,173,315 shares outstanding, indicating limited direct dilution or market impact from this single proposed sale. However, cumulative insider sales reported in the prior three months total 75,927 shares for $321,885.06, which is useful context when assessing insider liquidity or personal diversification activity. The filing otherwise appears procedural and compliant with Rule 144 disclosure requirements; there is no indication in the notice of undisclosed material adverse information.

Corporate Governance Specialist

TL;DR: This is a routine Rule 144 notice documenting an insider sale and recent sales history, with standard certifications.

The form properly discloses the nature of acquisition (restricted stock acquired 09/05/2025) and planned sale details (approximate sale date 09/10/2025, broker identified). The presence of multiple sales by the same individual in the prior three months is noteworthy from a governance and disclosure perspective but is factual and documented here. The signature representation about absence of undisclosed material adverse information is included, aligning with Rule 144 attestations. No governance violations or procedural irregularities are evident in the provided content.

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	20908	82649.32	216173315	09/10/2025	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	09/05/2025	Restricted Stock	Issuer			20908	09/05/2025	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	09/08/2025	12020	50671.19
Michael Wittmann 32 JOURNEY ALISO VIEJO CA 92656	Common	09/02/2025	59375	254718.75
Michael Wittmann 32 JOURNEY ALISO VIEJO CA 92656	Common	07/02/2025	4532	16495.12

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 shares does the Form 144 for INDI propose to sell?

The notice proposes the sale of 20,908 common shares with an aggregate market value of $82,649.32.

When were the shares to be sold and on which exchange?

The filing lists an approximate sale date of 09/10/2025 and names NASDAQ as the exchange.

How and when were the shares acquired?

The shares were acquired as Restricted Stock on 09/05/2025 and payment is recorded as 09/05/2025.

What insider sales occurred in the past three months according to the filing?

Michael Wittmann sold 4 trades listed: 07/02/2025 4,532 shares ($16,495.12), 09/02/2025 59,375 shares ($254,718.75), and 09/08/2025 12,020 shares ($50,671.19), totaling 75,927 shares for $321,885.06.

How large is the proposed sale relative to outstanding shares?

The proposed 20,908-share sale is a small fraction of the 216,173,315 shares outstanding as reported in the filing.