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indie Semiconductor CFO sells 27K shares

indie Semiconductor, Inc. (INDI) reported that Chief Financial Officer Naixi Wu had multiple equity transactions in early September 2026.

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

indie Semiconductor, Inc. (INDI) reported that Chief Financial Officer Naixi Wu had multiple equity transactions in early September 2026. On September 1–2, she sold a total of 27,171 shares of Class A Common Stock at weighted-average prices around the mid‑$3.50 range, including sales to cover withholding taxes and sales under a voluntary equity compensation program and a Rule 10b5-1 trading plan adopted December 12, 2025. She also received and converted 18,046 fully vested Restricted Stock Units granted in lieu of a portion of cash salary, and an additional 6,250 RSUs vested from a prior grant, both converting into an equal number of Class A shares. The filing notes 90 shares of Class A Common Stock held indirectly by her spouse.

Positive

  • None.

Negative

  • None.
Insider Wu Naixi
Role Chief Financial Officer
Sold 27,171 shs ($96K)
Approx. gross sale proceeds $96K
Type Security Shares Price Value
Sale Class A Common Stock F3 9,226 $3.533 $33K
Sale Class A Common Stock F4 8,820 $3.533 $31K
Sale Class A Common Stock F1, F3, F5 3,125 $3.5886 $11K
Grant/Award Restricted Stock Units F6, F7 18,046 $0.00 $0.00
Exercise Restricted Stock Units F6, F7 18,046 $0.00 $0.00
Exercise Restricted Stock Units F6, F8 6,250 $0.00 $0.00
Sale Class A Common Stock F1, F2 6,000 $3.5577 $21K
Exercise Class A Common Stock 18,046 $0.00 $0.00
Exercise Class A Common Stock 6,250 $0.00 $0.00
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 153,183 shares (Direct); Class A Common Stock — 90 shares (Indirect, by spouse)
Footnotes (8)
  1. F1. This sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 12, 2025. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A Common Stock on predetermined dates through December 15, 2027.
  2. F2. The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $3.51 to $3.59, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
  3. F3. Represents shares of Class A Common Stock sold in the open market to pay for withholding taxes in connection with the vesting of Restricted Stock Units.
  4. F4. Represents shares of Class A Common Stock sold in the open market in accordance with a sell-all election made at the start of a program period of a voluntary equity compensation program as approved by the Board of Directors in June 2023. This election was made during an open trading window while Ms. Wu was not in possession of material non-public information.
  5. F5. The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $3.49 to $3.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
  6. F6. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
  7. F7. Represents Restricted Stock Units that were fully vested as of the grant date. These Restricted Stock Units represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.
  8. F8. Such Restricted Stock Units vest at the rate of 25% annually beginning on September 1, 2023.
Total Class A shares sold 27,171 shares Net sell shares across reported sales on September 1–2, 2026
Sale price September 2, 2026 (block 1) $3.5330 per share Sale of 9,226 Class A shares on September 2, 2026
Sale price September 2, 2026 (block 2) $3.5330 per share Sale of 8,820 Class A shares on September 2, 2026
Sale price September 2, 2026 (block 3) $3.5886 per share Sale of 3,125 Class A shares on September 2, 2026
Sale price September 1, 2026 $3.5577 per share Sale of 6,000 Class A shares on September 1, 2026
RSUs granted in lieu of salary 18,046 RSUs Fully vested RSUs granted September 1, 2026, each for one Class A share
Additional RSUs vested 6,250 RSUs Portion of RSU grant vesting 25% annually beginning September 1, 2023
Indirect spouse holding 90 shares Class A Common Stock held indirectly by spouse as of September 1, 2026
Rule 10b5-1 trading plan regulatory
"This sale was made pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
withholding taxes financial
"sold in the open market to pay for withholding taxes in connection"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
voluntary equity compensation program financial
"program period of a voluntary equity compensation program as approved"
sell-all election financial
"sold in the open market in accordance with a sell-all election"

FAQ

What stock transactions did INDI’s CFO Naixi Wu report on this Form 4?
Naixi Wu reported sales of 27,171 Class A shares on September 1–2, 2026 at weighted-average prices in the mid‑$3.50 range, along with RSU grants and conversions totaling 24,296 shares of Class A Common Stock linked to equity compensation and salary-in-lieu programs.

Were Naixi Wu’s INDI stock sales under a Rule 10b5-1 trading plan?
Yes. A footnote states that certain sales were made pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025, which provides for automated open‑market sales of indie Semiconductor Class A Common Stock on predetermined dates through December 15, 2027.

At what prices did the INDI shares sell in Naixi Wu’s reported transactions?
Reported weighted-average prices include $3.5577, $3.5330, and $3.5886 per share. Footnotes explain that the actual trades occurred in ranges of $3.51–$3.59 and $3.49–$3.65, with full breakdowns available upon request from indie Semiconductor or the SEC staff.

How many RSUs did INDI’s CFO receive or vest in these transactions?
Naixi Wu was granted 18,046 fully vested Restricted Stock Units on September 1, 2026, representing shares received in lieu of a portion of cash salary, and an additional 6,250 RSUs vested under a prior grant that vests 25% annually beginning September 1, 2023.

Why were some of Naixi Wu’s INDI shares sold according to the Form 4?
Footnotes state that some shares were sold to pay withholding taxes arising from RSU vesting and that others were sold in the open market under a sell‑all election within a voluntary equity compensation program approved by indie Semiconductor’s Board in June 2023.

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

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wu Naixi
(Last)(First)(Middle)
32 JOURNEY
(Street)
ALISO VIEJO CALIFORNIA 92656
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
indie Semiconductor, Inc. [ INDI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock09/01/2026S(1)6,000D$3.5577(2)150,058D
Class A Common Stock09/01/2026M18,046A$0168,104D
Class A Common Stock09/01/2026M6,250A$0174,354D
Class A Common Stock09/02/2026S(3)9,226D$3.533165,128D
Class A Common Stock09/02/2026S(4)8,820D$3.533156,308D
Class A Common Stock09/02/2026S(1)(3)3,125D$3.5886(5)153,183D
Class A Common Stock90Iby spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(6)09/01/2026A18,046 (7) (7)Class A Common Stock18,046$018,046D
Restricted Stock Units(6)09/01/2026M18,046 (7) (7)Class A Common Stock18,046$00D
Restricted Stock Units(6)09/01/2026M6,250 (8) (8)Class A Common Stock6,250$00D
Explanation of Responses:
1. This sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 12, 2025. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A Common Stock on predetermined dates through December 15, 2027.
2. The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $3.51 to $3.59, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
3. Represents shares of Class A Common Stock sold in the open market to pay for withholding taxes in connection with the vesting of Restricted Stock Units.
4. Represents shares of Class A Common Stock sold in the open market in accordance with a sell-all election made at the start of a program period of a voluntary equity compensation program as approved by the Board of Directors in June 2023. This election was made during an open trading window while Ms. Wu was not in possession of material non-public information.
5. The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $3.49 to $3.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
6. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
7. Represents Restricted Stock Units that were fully vested as of the grant date. These Restricted Stock Units represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.
8. Such Restricted Stock Units vest at the rate of 25% annually beginning on September 1, 2023.
/s/ Naixi Wu by Chang Eui Kim pursuant to power of attorney filed on October 30, 202509/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR