indie Semiconductor CFO sells 3,750 shares
CFO Naixi Wu exercised 7,500 RSUs and sold 3,750 INDI shares in pre-planned trades to cover tax withholding.
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) reported that Chief Financial Officer Naixi Wu exercised equity awards and sold shares in September 2026. On September 18, 2026, Restricted Stock Units covering 7,500 shares were converted into the same number of Class A Common shares as part of scheduled vesting. On September 21, 2026, Wu sold 3,750 shares of Class A Common Stock in open market transactions at a weighted average price of $3.18 per share to pay withholding taxes related to the vesting, under a pre-established Rule 10b5-1 trading plan adopted on December 12, 2025. The plan provides for automated open market sales on predetermined dates through December 15, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Wu Naixi
Role
Chief Financial Officer
Sold
3,750 shs ($12K)
Approx. gross sale proceeds
$12K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 3,750 | $3.1831 | $12K |
| Exercise | Restricted Stock Units F4, F5 | 7,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,500 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 7,500 contracts (Direct);
Class A Common Stock — 156,933 shares (Direct);
Class A Common Stock — 90 shares (Indirect, by spouse)
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. This sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 12, 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 December 15, 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 $3.10 to $3.22, 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. Such Restricted Stock Units vest at the rate of 25% annually beginning on September 18, 2024.
Key Figures
Shares sold: 3,750 shares
Weighted average sale price: $3.1831 per share
Sale price range: $3.10–$3.22 per share
+5 more
8 metrics
Shares sold
3,750 shares
Class A Common Stock sold on September 21, 2026 to pay withholding taxes
Weighted average sale price
$3.1831 per share
Open market sale of 3,750 shares on September 21, 2026
Sale price range
$3.10–$3.22 per share
Price range for separate sale transactions on September 21, 2026
RSUs converted
7,500 units
Restricted Stock Units converted into 7,500 Class A shares on September 18, 2026
Underlying shares for RSUs
15,000 shares
Underlying Class A Common Stock referenced by Restricted Stock Units reported
Annual vesting rate
25% per year
Vesting schedule for the Restricted Stock Units beginning September 18, 2024
Indirect holdings by spouse
90 shares
Class A Common Stock held indirectly as of September 18, 2026
Rule 10b5-1 plan period end
December 15, 2027
End date for automated open market sales under the CFO’s trading plan
Key Terms
Restricted Stock Unit, Rule 10b5-1 trading plan, withholding taxes, weighted average price
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 10b5-1 trading plan regulatory
"This sale was made pursuant to a Rule 10b5-1 trading plan adopted"
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.
withholding taxes financial
"sold in the open market to pay for withholding taxes in connection"
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did INDI’s CFO report in this Form 4?
The filing reports that CFO Naixi Wu converted 7,500 Restricted Stock Units into Class A Common Stock on September 18, 2026 and sold 3,750 shares on September 21, 2026 in open market transactions.
Were the INDI insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale on September 21, 2026 was made pursuant to a Rule 10b5-1 trading plan adopted by Naixi Wu on December 12, 2025, providing for automated open market sales through December 15, 2027.
What are the terms of the INDI Restricted Stock Units held by the CFO?
Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock. The filing states these units vest at a rate of 25% annually, beginning on September 18, 2024.
Does the INDI Form 4 show any indirect holdings for the CFO?
Yes. As of September 18, 2026, the filing reports 90 shares of Class A Common Stock held indirectly, described as owned by spouse.
AI-generated analysis. How Rhea-AI works. Not financial advice.
