indie Semiconductor (INDI) CFO sells shares, converts 17,162 RSUs

Rhea-AI Filing Summary

indie Semiconductor Chief Financial Officer Naixi Wu reported a net sale of 17,162 Class A shares of INDI stock in open-market transactions. The shares were sold at an average price of $3.5633 per share on March 2, 2026, leaving 76,969 directly owned Class A shares after the final sale.

According to the filing, a portion of the shares was sold to cover withholding taxes related to the vesting of Restricted Stock Units, and the rest was sold under a previously elected “sell-all” instruction in a voluntary equity compensation program approved in June 2023. On March 1, 2026, Wu also received 17,162 fully vested RSUs in lieu of part of her cash salary and simultaneously converted them into an equal number of Class A shares.

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)
03/01/2026

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	03/01/2026		M		17,162	A	$0	94,131	D
Class A Common Stock	03/02/2026		S(1)		9,903	D	$3.5633	84,228	D
Class A Common Stock	03/02/2026		S(2)		7,259	D	$3.5633	76,969	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)	03/01/2026		A		17,162		(4)	(4)	Class A Common Stock	17,162	$0	17,162	D
Restricted Stock Units	(3)	03/01/2026		M			17,162	(4)	(4)	Class A Common Stock	17,162	$0	0	D

Explanation of Responses:

1. Represents 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 ("RSUs").

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. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.

	/s/ Naixi Wu by Chang Eui Kim pursuant to power of attorney filed on October 30, 2025	03/02/2026
	** 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).
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FAQ

What insider transactions did INDI CFO Naixi Wu report on this Form 4?

Naixi Wu reported selling 17,162 shares of indie Semiconductor Class A stock at $3.5633 per share and receiving 17,162 fully vested Restricted Stock Units that were immediately converted into an equal number of Class A shares as part of an equity compensation program.

Why did INDI CFO Naixi Wu sell 17,162 shares of indie Semiconductor stock?

The filing states that some shares were sold to pay withholding taxes tied to Restricted Stock Unit vesting. The remaining shares were sold under a pre-selected sell-all election within a voluntary equity compensation program approved by the Board of Directors in June 2023.

What equity compensation did INDI CFO Naixi Wu receive on March 1, 2026?

Naixi Wu received 17,162 fully vested Restricted Stock Units on March 1, 2026. These RSUs were granted in lieu of a portion of cash salary under a voluntary equity compensation program and were immediately converted into 17,162 Class A common shares at a zero exercise price.

How many indie Semiconductor shares does INDI CFO Naixi Wu hold after these transactions?

After the reported transactions, Naixi Wu directly owned 76,969 shares of indie Semiconductor Class A common stock. In addition, 90 Class A shares were held indirectly by her spouse, reflecting a separate indirect ownership position noted in the filing.

What is the nature of the voluntary equity compensation program mentioned for INDI?

The voluntary equity compensation program, approved in June 2023, allows a portion of salary to be taken as fully vested Restricted Stock Units. The number of RSUs equals the forgone salary divided by indie Semiconductor’s closing trading price on the grant date, with optional sell-all elections for resulting shares.