Indie Semiconductor president exercises and sells shares
indie Semiconductor President Ichiro Aoki reported an exercise-and-sell pattern in company equity.
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Form Type
4
Rhea-AI Filing Summary
indie Semiconductor President Ichiro Aoki reported an exercise-and-sell pattern in company equity. On May 22 and May 26, 2026, he exercised a total of 70,100 ADK Class A Units for the same number of Class A Common shares, then sold 70,100 Class A shares in open-market trades around $5 per share under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly holds 106,169 shares of Class A Common Stock and 3,519,262 shares of Class V Common Stock.
Insider Trade Summary 10b5-1
Exercise and Sale: 70,100 shares ($356K approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Aoki Ichiro
Role
President
Sold
70,100 shs ($356K)
Approx. gross sale proceeds
$356K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$356K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units | 20,100 | $0.00 | $0.00 |
| Exercise | Class V Common Stock | 20,100 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,100 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 20,100 | $5.2557 | $106K |
| Exercise | ADK Class A Units | 50,000 | $0.00 | $0.00 |
| Exercise | Class V Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 50,000 | $5.0162 | $251K |
Holdings After Transaction:
ADK Class A Units — 3,519,262 contracts (Direct);
Class V Common Stock — 3,519,262 shares (Direct);
Class A Common Stock — 106,169 shares (Direct)
Footnotes (6)
- F1. 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.
- F2. 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.
- F3. The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 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 through June 30, 2026.
- F4. 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 $5.00 to $5.10, 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.
- F5. 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 $5.25 to $5.27, 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.
- F6. N/A
Key Figures
Shares sold May 22, 2026: 50,000 shares at $5.0162
Shares sold May 26, 2026: 20,100 shares at $5.2557
Total shares sold: 70,100 shares
+3 more
6 metrics
Shares sold May 22, 2026
50,000 shares at $5.0162
Class A Common Stock open-market sale
Shares sold May 26, 2026
20,100 shares at $5.2557
Class A Common Stock open-market sale
Total shares sold
70,100 shares
Net open-market sales in this Form 4
ADK units exercised
70,100 units
Converted into 70,100 Class A shares
Class A holdings after
106,169 shares
Direct ownership following reported transactions
Class V holdings after
3,519,262 shares
Direct ownership following unit exchanges
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 December 8, 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."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did indie Semiconductor (INDI) report for Ichiro Aoki?
Ichiro Aoki exercised 70,100 ADK Class A Units into the same number of Class A Common shares, then sold 70,100 Class A shares in open-market transactions, following a pre-arranged Rule 10b5-1 trading plan.
What does Ichiro Aoki still own in indie Semiconductor (INDI) after these transactions?
After the reported transactions, Ichiro Aoki directly holds 106,169 shares of indie Semiconductor Class A Common Stock and 3,519,262 shares of Class V Common Stock, according to the post-transaction ownership figures in the Form 4.
What are ADK Class A Units in the indie Semiconductor (INDI) Form 4?
ADK Class A Units are derivative securities that can be exchanged for Class A Common Stock or, at the issuer’s election, cash equal to the stock’s fair market value. Exchanging units results in receiving Class A shares and canceling an equal number of Class V shares.
How many ADK Class A Units did Ichiro Aoki exchange in this indie Semiconductor (INDI) filing?
Ichiro Aoki exchanged 70,100 ADK Class A Units in total, in two tranches of 50,000 units and 20,100 units. Each unit converted into one share of Class A Common Stock and triggered cancellation of an equal number of Class V Common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
