indie Semiconductor (INDI) COO tax-related sale of 37,500 shares
Rhea-AI Filing Summary
indie Semiconductor, Inc. Chief Operating Officer Michael Wittmann reported a combination of equity vesting and tax-related share sales. He exercised 37,500 Restricted Stock Units, receiving the same number of Class A common shares at a stated price of $0.00 per share, reflecting RSU conversion. On the following day, he sold an aggregate 37,500 Class A shares in open-market transactions at a weighted average price of $5.1328 per share, with individual trade prices ranging from $4.94 to $5.29. The company notes these sales were made to pay withholding taxes tied to the RSU vesting and were executed under a pre-arranged Rule 10b5-1 trading plan that schedules automated open-market sales through March 31, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Wittmann Michael
Role
Chief Operating Officer
Sold
37,500 shs ($192K)
Approx. gross sale proceeds
$192K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,766 | $5.1328 | $66K |
| Sale | Class A Common Stock | 24,734 | $5.1328 | $127K |
| Exercise | Restricted Stock Units | 37,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 37,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 112,500 shares (Direct);
Class A Common Stock — 137,954 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. The sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024, and modified on May 26, 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 March 31, 2027.
- F3. 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 $4.94 to $5.29, 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.
- F4. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- F5. The time-based restricted stock units shall vest and become nonforfeitable over two years in quarterly equal installments starting on June 1, 2025 through March 1, 2027.
Key Figures
Shares sold: 37,500 shares
Weighted average sale price: $5.1328 per share
Sale price range: $4.94 to $5.29 per share
+2 more
5 metrics
Shares sold
37,500 shares
Class A common stock sold in open-market transactions
Weighted average sale price
$5.1328 per share
Open-market sales of Class A common stock
Sale price range
$4.94 to $5.29 per share
Individual trades within the reported transaction
RSUs exercised
37,500 units
Restricted Stock Units converted into Class A common shares
Rule 10b5-1 plan period
through March 31, 2027
Automated open-market sales under trading plan
Key Terms
Restricted Stock Units, Rule 10b5-1 trading plan, weighted average price, withholding taxes, +1 more
5 terms
Restricted Stock Units financial
"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."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 trading plan regulatory
"The sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024, and modified on May 26, 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.
withholding taxes financial
"sold in the open market to pay for withholding taxes in connection with the vesting of Restricted Stock Units."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
time-based restricted stock units financial
"The time-based restricted stock units shall vest and become nonforfeitable over two years in quarterly equal installments"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did INDI report for COO Michael Wittmann?
indie Semiconductor reported that COO Michael Wittmann exercised 37,500 Restricted Stock Units and sold 37,500 Class A common shares. The sales were open-market transactions linked to RSU vesting and were executed under a pre-arranged Rule 10b5-1 trading plan.
What equity award activity did INDI disclose for its COO?
indie Semiconductor disclosed that Michael Wittmann exercised 37,500 Restricted Stock Units, each converting into one Class A common share. The RSUs are time-based and vest in equal quarterly installments from June 1, 2025 through March 1, 2027.