[Form 4] indie Semiconductor, Inc. Insider Trading Activity

Rhea-AI Filing Summary

indie Semiconductor (INDI) Chief Financial Officer Naixi Wu reported equity transactions involving Class A common stock and restricted stock units. On 11/20/2025, she acquired 7,096 restricted stock units, each representing one share of Class A common stock, as part of a voluntary equity compensation program where shares are received in lieu of a percentage of cash salary. These RSUs were fully vested as of the grant date and were then settled into 7,096 shares of Class A common stock at an exercise price of $0.

On 11/21/2025, she sold 3,613 shares at $3.3015 per share to pay withholding taxes related to the RSU vesting and sold an additional 3,483 shares at $3.3015 per share under a "sell-all" election in the same voluntary equity compensation program. After these transactions, she beneficially owned 87,178 shares of Class A common stock directly and 90 shares indirectly through her spouse.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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 CA 92656

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
indie Semiconductor, Inc. [ INDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 A Common Stock	11/20/2025		M		7,096	A	$0	94,274	D
Class A Common Stock	11/21/2025		S(1)		3,613	D	$3.3015	90,661	D
Class A Common Stock	11/21/2025		S(2)		3,483	D	$3.3015	87,178	D
Class A Common Stock								90	I	by 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	11/20/2025		A		7,096		(4)	(4)	Class A Common Stock	7,096	$0	7,096	D
Restricted Stock Units	(3)	11/20/2025		M			7,096	(4)	(4)	Class A Common Stock	7,096	$0	0	D

Explanation of Responses:

1. Represent 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.

2. 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.

3. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

4. Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs 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.

	/s/ Naixi Wu by Chang Eui Kim pursuant to power of attorney filed on October 30, 2025	11/24/2025
	** 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.

FAQ

What insider transactions did INDI's CFO report on this Form 4?

Naixi Wu, Chief Financial Officer of indie Semiconductor (INDI), reported receiving 7,096 restricted stock units on 11/20/2025, their settlement into Class A common stock, and subsequent sales of a portion of the resulting shares on 11/21/2025.

How many INDI shares did the CFO acquire and sell in November 2025?

The CFO acquired 7,096 shares of Class A common stock upon settlement of restricted stock units on 11/20/2025. On 11/21/2025, she sold 3,613 shares at $3.3015 per share to cover withholding taxes and 3,483 shares at $3.3015 per share under a voluntary sell-all election.

How many INDI shares does the CFO beneficially own after these transactions?

Following the reported transactions, the CFO beneficially owns 87,178 shares of indie Semiconductor Class A common stock directly and 90 shares indirectly through her spouse.

What is the nature of the restricted stock units reported by INDI's CFO?

Each restricted stock unit reported by the CFO represents a contingent right to receive one share of Class A common stock. The 7,096 RSUs granted on 11/20/2025 were fully vested as of the grant date and were received in lieu of a percentage of cash salary under a voluntary equity compensation program approved in June 2023.

Why were some INDI shares sold by the CFO according to this Form 4?

The filing states that 3,613 shares were sold in the open market to pay withholding taxes related to RSU vesting, and 3,483 shares were sold in the open market under a sell-all election made at the start of a program period for a voluntary equity compensation program approved by the Board of Directors in June 2023.

At what price were the INDI shares sold by the CFO?

Both reported sales on 11/21/2025 were executed at a price of $3.3015 per share of Class A common stock.