indie Semiconductor insider sells 150K Class A shares under 10b5-1 plan

Rhea-AI Filing Summary

Donald McClymont, who is listed as both Director and Chief Executive Officer of indie Semiconductor, Inc. (INDI), reported an open-market sale of 150,000 shares of Class A common stock on 09/12/2025. The sale was executed under a Rule 10b5-1 trading plan adopted on 06/13/2025 that authorizes automated sales through 06/30/2027. The weighted-average price for the shares sold was $3.87, with individual trade prices ranging from $3.81 to $3.94. After the reported transaction, Mr. McClymont directly beneficially owns 135,602 shares of Class A common stock and 5,366,425 shares of Class V common stock, and 68,115 shares of Class A common stock are reported as indirectly owned by his spouse. The filing is signed by power of attorney and dated 09/16/2025.

Positive

• Sale executed under a Rule 10b5-1 trading plan, signaling pre-established, automated transactions
• Detailed disclosure of holdings after the transaction: 135,602 direct Class A, 5,366,425 direct Class V, and 68,115 indirect Class A
• Filing signed by authorized representative (power of attorney) and dated, meeting procedural requirements

Negative

• Insider disposed of 150,000 Class A shares, which reduces direct Class A holdings
• Range of trade prices ($3.81–$3.94) indicates multiple transactions rather than a single block sale

Insights

Corporate Governance Expert

TL;DR: CEO/Director sold shares under a pre-established 10b5-1 plan while retaining substantial Class V voting stake.

The disclosure shows disciplined use of a Rule 10b5-1 plan, which typically helps avoid questions about opportunistic insider timing; the plan was adopted on 06/13/2025 and runs through 06/30/2027. The reporting person remains a large holder of Class V common stock (5,366,425 shares), indicating continued significant ownership and potential voting influence despite the Class A sale. The filing is properly executed under power of attorney, meeting technical SEC filing requirements.

Securities Analyst

TL;DR: A single reported sale of 150,000 Class A shares at a weighted-average of $3.87 under an automated plan; remaining direct and indirect holdings disclosed.

The Form 4 lists a specific, executed disposition: 150,000 Class A shares sold on 09/12/2025 at a weighted-average price of $3.87 (range $3.81–$3.94). Post-sale direct Class A holdings are 135,602 shares and indirect Class A holdings via spouse are 68,115. These concrete numbers allow investors to update insider ownership metrics precisely; no earnings or other operational data are provided in this filing.

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).

1. Name and Address of Reporting Person^*

McClymont Donald

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		S(1)		150,000	D	$3.87(2)	135,602	D
Class V Common Stock								5,366,425	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

Explanation of Responses:

1. 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.

2. 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 $3.81 to $3.94, 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.

	/s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021	09/16/2025
	** 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 did Donald McClymont report on the Form 4 for INDI?

He reported the sale of 150,000 shares of Class A common stock on 09/12/2025, executed under a Rule 10b5-1 plan.

At what price were the INDI shares sold in the reported transaction?

The weighted-average price was $3.87, with individual sale prices ranging from $3.81 to $3.94.

How many INDI shares does McClymont own after the reported sale?

After the transaction he directly owns 135,602 Class A shares and 5,366,425 Class V shares; 68,115 Class A shares are reported as indirectly owned by his spouse.

Was the sale part of a pre-arranged trading plan?

Yes. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on 06/13/2025 that authorizes automated sales through 06/30/2027.

When was the Form 4 signed and filed?

The signature (by power of attorney) is dated 09/16/2025 as shown on the filing.