indie Semiconductor (INDI) CEO exercises units and sells 50,000 Class A shares

Rhea-AI Filing Summary

indie Semiconductor CEO Donald McClymont exercised and sold shares in a planned transaction. He exchanged 50,000 ADK Class A Units for 50,000 shares of Class A Common Stock, with an equivalent 50,000 shares of Class V Common Stock cancelled as part of the structure.

On the same day, he sold 50,000 Class A shares in the open market at a weighted average price of $3.0622 per share, in individual trades between $3.01 and $3.10, under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2025. Following these transactions, he holds 282,393 Class A shares directly, 68,115 Class A shares indirectly through his spouse, and 4,916,425 ADK Class A Units and the same number of Class V shares, indicating he retains a large equity stake despite the sale.

Insights

Insider trading and governance analyst

Routine exercise-and-sell under a Rule 10b5-1 plan with large stake retained.

Donald McClymont exercised 50,000 ADK Class A Units into 50,000 Class A shares and simultaneously cancelled 50,000 Class V shares, reflecting the company’s exchange structure. He then sold the 50,000 newly issued Class A shares at a weighted average of $3.0622.

The filing specifies these sales were executed under a Rule 10b5-1 trading plan adopted on June 13, 2025, with predetermined dates and prices through June 30, 2027. Such plans are pre-arranged and reduce the informational value of trade timing as a signal of insider sentiment.

Post-transaction, McClymont still holds 4,916,425 ADK Class A Units, 4,916,425 Class V shares, 282,393 Class A shares directly, and 68,115 Class A shares indirectly via his spouse. The 50,000-share sale is small relative to his overall economic interest, which supports viewing this as routine portfolio management rather than a thesis-changing event.

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
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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^*

McClymont Donald

(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)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		M(1)		50,000	D	$0	4,916,425	D
Class A Common Stock	03/25/2026		M(2)		50,000	A	$0	332,393	D
Class A Common Stock	03/25/2026		S(3)		50,000	D	$3.0622(4)	282,393	D
Class A Common Stock								68,115	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
ADK Class A Units(2)	$0	03/25/2026		M			50,000	12/10/2021	(5)	Class A Common Stock	5,366,425	$0	4,916,425	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 June 13, 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 and prices through June 30, 2027.

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 $3.01 to $3.10, 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. N/A

	/s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021	03/27/2026
	** 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 insider transactions did indie Semiconductor (INDI) report for CEO Donald McClymont?

indie Semiconductor reported that CEO Donald McClymont exchanged 50,000 ADK Class A Units for 50,000 Class A Common shares and cancelled 50,000 Class V shares, then sold 50,000 Class A shares in open-market transactions on the same date at a weighted average price of $3.0622.

At what price did the indie Semiconductor (INDI) CEO sell Class A Common Stock?

The CEO sold 50,000 shares of indie Semiconductor Class A Common Stock at a weighted average price of $3.0622 per share. Individual trades occurred in a price range between $3.01 and $3.10, as disclosed in the Form 4 transaction footnotes.

Was the indie Semiconductor (INDI) CEO’s stock sale part of a Rule 10b5-1 plan?

Yes. The filing states that Donald McClymont’s sales were made under a Rule 10b5-1 trading plan adopted on June 13, 2025. The plan provides for automated open-market sales of Class A shares on predetermined dates and prices through June 30, 2027.

How many indie Semiconductor (INDI) shares does the CEO hold after these transactions?

After the reported transactions, the CEO holds 282,393 shares of Class A Common Stock directly and 68,115 shares indirectly through his spouse. He also holds 4,916,425 ADK Class A Units and 4,916,425 shares of Class V Common Stock, representing a substantial continuing equity position.

What is the relationship between ADK Class A Units, Class V Stock, and Class A Common at indie Semiconductor (INDI)?

The filing explains that each ADK Class A Unit can be exchanged for an equal number of Class A Common shares or, at the issuer’s election, cash equal to those shares’ fair market value. When a unit is exchanged for Class A shares, an equivalent number of associated Class V Common shares is cancelled.

Did the indie Semiconductor (INDI) CEO exercise derivatives or just sell existing shares?

He both exercised and sold. McClymont exercised 50,000 ADK Class A Units into 50,000 Class A Common shares, with 50,000 Class V shares cancelled, and then sold the 50,000 newly issued Class A shares in open-market transactions, as detailed in the Form 4.