indie Semiconductor president sells 50K shares
indie Semiconductor president Ichiro Aoki reported an exercise-and-sell transaction.
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Form Type
4
Rhea-AI Filing Summary
indie Semiconductor president Ichiro Aoki reported an exercise-and-sell transaction. On April 27, 2026, he sold 50,000 shares of Class A common stock in open-market transactions at a weighted average price of $4.0393 per share, under a pre-arranged Rule 10b5-1 trading plan.
The same day, Aoki exercised 50,000 ADK Class A Units, receiving an equal number of Class A shares and triggering cancellation of 50,000 shares of Class V common stock. After these moves, he directly held 106,169 Class A shares and 3,739,362 Class V shares. The 10b5-1 plan provides for automated sales through June 30, 2026.
Insider Trade Summary 10b5-1
Exercise and Sale: 50,000 shares ($202K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Aoki Ichiro
Role
President
Sold
50,000 shs ($202K)
Approx. gross sale proceeds
$202K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$202K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units | 50,000 | $0.00 | $0.00 |
| Exercise | Class V Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 50,000 | $4.0393 | $202K |
Holdings After Transaction:
ADK Class A Units — 3,739,362 contracts (Direct);
Class V Common Stock — 3,739,362 shares (Direct);
Class A Common Stock — 106,169 shares (Direct)
Footnotes (5)
- F1. Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
- F2. Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
- F3. The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 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 June 30, 2026.
- F4. 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 $4.00 to $4.11, 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.
- F5. N/A
Key Figures
Shares sold: 50,000 shares
Weighted average sale price: $4.0393 per share
Class A shares after transactions: 156,169 shares
+5 more
8 metrics
Shares sold
50,000 shares
Class A common stock sold on April 27, 2026
Weighted average sale price
$4.0393 per share
Open-market sales ranged from $4.00 to $4.11
Class A shares after transactions
156,169 shares
Direct Class A holdings following April 27, 2026 trades
Class V shares after transactions
3,739,362 shares
Direct Class V holdings after 50,000-share cancellation
ADK Units exercised
50,000 units
ADK Class A Units converted on April 27, 2026
Underlying Class A from ADK Units
4,939,362 shares
Underlying Class A common stock tied to ADK Class A Units
Net buy/sell direction
Net sale of 50,000 shares
transactionSummary netBuySellShares and direction
10b5-1 plan window
Through June 30, 2026
Automated open-market sales under Rule 10b5-1 plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class V Common Stock, ADK Class A Units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan..."
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.
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.
Class V Common Stock financial
"Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units..."
ADK Class A Units financial
"Class A Common Stock received upon conversion of ADK Class A Units."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did indie Semiconductor (INDI) report for Ichiro Aoki?
indie Semiconductor president Ichiro Aoki reported selling 50,000 Class A shares and exercising 50,000 ADK Class A Units. The exercise delivered new Class A shares and cancelled an equal number of Class V shares, reshaping his equity mix while maintaining a substantial overall position.
What is the role of the Rule 10b5-1 plan in this INDI Form 4 filing?
The filing states Aoki’s sales were executed under a Rule 10b5-1 trading plan adopted December 8, 2025. This plan schedules automated open-market sales of indie Semiconductor Class A stock on predetermined dates through June 30, 2026, indicating the timing was pre-planned rather than discretionary.
How did Ichiro Aoki’s holdings in indie Semiconductor (INDI) change after the transactions?
After the reported transactions, Aoki directly held 156,169 shares of Class A common stock and 3,739,362 shares of Class V common stock. The net effect combined an open-market sale and derivative exercises that shifted his mix between economic and voting interests in the company.
What are ADK Class A Units in relation to indie Semiconductor (INDI) stock?
ADK Class A Units are derivative securities that can be exchanged for indie Semiconductor Class A common stock. The filing explains each unit is exchangeable, at the holder’s election after December 10, 2021, into one Class A share or equivalent cash, with corresponding Class V shares cancelled upon exchange.
What happened to indie Semiconductor (INDI) Class V Common Stock in this Form 4?
The Form 4 notes that when Aoki exchanged ADK Class A Units for Class A common stock, an equivalent number of Class V common shares were cancelled. On April 27, 2026, 50,000 Class V shares were cancelled in connection with the exercise of 50,000 ADK Class A Units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
