indie Semiconductor (INDI) president sells 100,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

indie Semiconductor President Aoki Ichiro reported option exercises and share sales. On March 16 and 17, he exercised derivative positions related to ADK Class A Units and Class V Common Stock to acquire a total of 100,000 shares of Class A Common Stock at a conversion price of $0.0000.

The same 100,000 Class A shares were then sold in open-market transactions at weighted average prices of $2.5392 and $2.5888 per share, executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2025. Following these transactions, he holds 100,952 shares of Class A Common Stock directly.

Insider Trade Summary 10b5-1

Net Seller: 100,000 shares ($256,400)

Net Sell 8 txns

Insider Aoki Ichiro

Role President

Sold 100,000 shs ($256K)

Type	Security	Shares	Price	Value
Exercise	ADK Class A Units	50,000	$0.00	--
Exercise	Class V Common Stock	50,000	$0.00	--
Exercise	Class A Common Stock	50,000	$0.00	--
Sale	Class A Common Stock	50,000	$2.5888	$129K
Exercise	ADK Class A Units	50,000	$0.00	--
Exercise	Class V Common Stock	50,000	$0.00	--
Exercise	Class A Common Stock	50,000	$0.00	--
Sale	Class A Common Stock	50,000	$2.5392	$127K

Holdings After Transaction: ADK Class A Units — 4,339,362 shares (Direct); Class V Common Stock — 4,339,362 shares (Direct); Class A Common Stock — 150,952 shares (Direct)

Footnotes (1)

1. 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. 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. 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. 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 $2.49 to $2.59, 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. 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 $2.53 to $2.66, 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. N/A

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Aoki Ichiro

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class V Common Stock	03/16/2026		M(1)		50,000	D	$0	4,389,362	D
Class A Common Stock	03/16/2026		M(2)		50,000	A	$0	150,952	D
Class A Common Stock	03/16/2026		S(3)		50,000	D	$2.5392(4)	100,952	D
Class V Common Stock	03/17/2026		M(1)		50,000	D	$0	4,339,362	D
Class A Common Stock	03/17/2026		M(2)		50,000	A	$0	150,952	D
Class A Common Stock	03/17/2026		S(3)		50,000	D	$2.5888(5)	100,952	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
ADK Class A Units(2)	$0	03/16/2026		M			50,000	12/10/2021	(6)	Class A Common Stock	4,939,362	$0	4,389,362	D
ADK Class A Units(2)	$0	03/17/2026		M			50,000	12/10/2021	(6)	Class A Common Stock	4,939,362	$0	4,339,362	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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 $2.49 to $2.59, 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.

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 $2.53 to $2.66, 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. N/A

	/s/ Ichiro Aoki by Naixi Wu pursuant to power of attorney filed on June 21, 2021	03/18/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did indie Semiconductor (INDI) President Aoki Ichiro report in this Form 4?

Aoki Ichiro reported exercising derivatives into 100,000 shares of Class A Common Stock and selling those 100,000 shares in open-market transactions, all disclosed as part of a Rule 10b5-1 trading plan adopted in December 2025.

How many indie Semiconductor (INDI) shares did Aoki Ichiro sell and at what prices?

He sold 100,000 shares of Class A Common Stock. The filing reports weighted average sale prices of $2.5392 and $2.5888 per share, with individual trades occurring within stated ranges between $2.49 and $2.66 per share.

Were Aoki Ichiro’s indie Semiconductor (INDI) stock sales pre-planned?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on December 8, 2025, which provides for automated open market sales on predetermined dates through June 30, 2026.

How many indie Semiconductor (INDI) shares does Aoki Ichiro own after these transactions?

After completing the reported exercises and sales, Aoki Ichiro directly holds 100,952 shares of indie Semiconductor Class A Common Stock, according to the post-transaction ownership figures in the Form 4 filing.

What derivative securities did Aoki Ichiro convert into indie Semiconductor (INDI) Class A shares?

He converted ADK Class A Units and related Class V Common Stock into Class A Common Stock. Each ADK Class A Unit is exchangeable for an equal number of Class A shares, and corresponding Class V shares are cancelled upon each exchange.

Do these indie Semiconductor (INDI) transactions indicate any gifts or tax withholdings?

No. The summarized transaction data show only derivative exercises and open-market sales. Gift transactions and tax-withholding dispositions are both reported as zero in the filing’s transaction summary section.