indie Semiconductor (INDI) CEO swaps units, sells 50K Class A shares under 10b5-1 plan

Rhea-AI Filing Summary

indie Semiconductor, Inc. director and Chief Executive Officer Donald McClymont reported a mix of option-like exercises and sales involving the company’s stock. He exercised 50,000 ADK Class A Units into Class A Common Stock, which also triggered cancellation of an equivalent number of Class V Common shares, as described in the notes.

On the same date, he sold 50,000 shares of Class A Common Stock in open-market transactions at a weighted average price of $4.1851 per share, with individual trades ranging from $4.09 to $4.38, under a pre-arranged Rule 10b5-1 trading plan that schedules automated sales through June 30, 2027. Following these transactions, he held 307,363 shares of Class A Common Stock directly, 68,115 shares of Class A Common Stock indirectly through his spouse, and 4,866,425 shares of Class V Common Stock.

Insights

Equity compensation and insider-trading analyst

CEO executes routine option exchange and planned share sale under 10b5-1 plan.

Donald McClymont, Chief Executive Officer of indie Semiconductor, exchanged 50,000 ADK Class A Units into Class A Common Stock, which also cancelled an equivalent number of Class V Common shares. This maintains his overall economic exposure while simplifying part of his capital structure.

He then sold 50,000 Class A shares in open-market transactions at a weighted average price of $4.1851 per share, within a $4.09–$4.38 range. The filing notes these sales occurred under a pre-established Rule 10b5-1 trading plan running through June 30, 2027, indicating they were scheduled rather than opportunistic.

After the transactions, he continued to hold 307,363 Class A shares directly, 68,115 shares indirectly via his spouse, and 4,866,425 shares of Class V Common Stock. Given the pre-planned nature and the substantial remaining holdings, this appears to be a routine liquidity and equity-compensation management event rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 50,000 shares ($209,255)

Net Sell 5 txns

Insider McClymont Donald

Role Chief Executive Officer

Sold 50,000 shs ($209K)

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	$4.1851	$209K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: ADK Class A Units — 4,866,425 shares (Direct, null); Class V Common Stock — 4,866,425 shares (Direct, null); Class A Common Stock — 357,363 shares (Direct, null); Class A Common Stock — 68,115 shares (Indirect, by spouse)

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 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. 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 $4.09 to $4.38, 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

Key Figures

Shares sold: 50,000 shares Weighted average sale price: $4.1851 per share Shares exercised: 50,000 ADK Class A Units +4 more

7 metrics

Shares sold 50,000 shares Class A Common Stock open-market sale on June 15, 2026

Weighted average sale price $4.1851 per share Class A Common Stock sales, price range $4.09–$4.38

Shares exercised 50,000 ADK Class A Units Exchanged into Class A Common Stock

Direct Class A holdings 307,363 shares Class A Common Stock held directly after transactions

Indirect Class A holdings 68,115 shares Class A Common Stock held indirectly by spouse after transactions

Class V holdings 4,866,425 shares Class V Common Stock after cancellation tied to exchange

Underlying Class A for ADK units 5,366,425 shares Underlying Class A Common Stock for ADK Class A Units

Key Terms

Rule 10b5-1 trading plan, weighted average price, ADK Class A Units, Class V Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan financial

"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."

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.

ADK Class A Units financial

"Class A Common Stock received upon conversion of ADK Class A Units."

Class V Common Stock financial

"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."

open market sales financial

"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."

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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^*

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)
06/15/2026

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	06/15/2026		M(1)		50,000	D	$0	4,866,425	D
Class A Common Stock	06/15/2026		M(2)		50,000	A	$0	357,363	D
Class A Common Stock	06/15/2026		S(3)		50,000	D	$4.1851(4)	307,363	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	06/15/2026		M			50,000	12/10/2021	(5)	Class A Common Stock	5,366,425	$0	4,866,425	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 $4.09 to $4.38, 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	06/17/2026
	** 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) CEO Donald McClymont report?

Donald McClymont reported exercising 50,000 ADK Class A Units into Class A Common Stock and selling 50,000 Class A shares. The transactions combined a derivative conversion with an open-market sale disclosed in a Form 4 filing.

At what prices did the indie Semiconductor (INDI) CEO sell shares?

He sold 50,000 shares of Class A Common Stock at a weighted average price of $4.1851 per share. Individual trades occurred in a range from $4.09 to $4.38, according to the Form 4 footnotes.

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

Yes. The Form 4 states the sales were made under a Rule 10b5-1 trading plan adopted on June 13, 2025. The plan provides for automated open-market sales 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, he held 307,363 shares of Class A Common Stock directly and 68,115 Class A shares indirectly through his spouse, along with 4,866,425 shares of Class V Common Stock, based on the reported post-transaction balances.

What are ADK Class A Units mentioned in the indie Semiconductor (INDI) Form 4?

ADK Class A Units are derivative securities that can be exchanged for an equal number of Class A Common shares or cash equal to their fair market value. When exchanged for Class A shares, an equivalent number of Class V Common shares are cancelled.

Did the indie Semiconductor (INDI) CEO’s transaction represent a net sale or net purchase?

The Form 4 summary shows a net-sell of 50,000 shares, combining the 50,000-share open-market sale with a 50,000-share derivative exercise. He increased Class A holdings via conversion but sold the same number of shares in the market.