COO at indie Semiconductor (NASDAQ: INDI) nets shares after RSU vesting

Rhea-AI Filing Summary

indie Semiconductor, Inc. Chief Operating Officer Michael Wittmann reported compensation-related equity activity and a small share sale. On April 3, he received 12,539 Restricted Stock Units (RSUs), fully vested and granted in lieu of cash under the issuer’s 2025 Short Term Incentive Bonus Plan. Those RSUs were immediately converted into 12,539 shares of Class A common stock. On April 6, 4,720 Class A shares were sold at $2.9861 per share to pay withholding taxes tied to the RSU vesting. Following these transactions, Wittmann directly owned 137,954 Class A shares.

Insider Trade Summary

Net Seller: 4,720 shares ($14,094)

Net Sell 4 txns

Insider Wittmann Michael

Role Chief Operating Officer

Sold 4,720 shs ($14K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,720	$2.9861	$14K
Grant/Award	Restricted Stock Units	12,539	$0.00	--
Exercise	Restricted Stock Units	12,539	$0.00	--
Exercise	Class A Common Stock	12,539	$0.00	--

Holdings After Transaction: Class A Common Stock — 137,954 shares (Direct); Restricted Stock Units — 12,539 shares (Direct)

Footnotes (1)

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"). Each restricted stock unit represents a contingent right to receive one share of Class A common stock. Represents Restricted Stock Units that were fully vested as of the grant date. These RSUs represent shares received in lieu of cash in accordance with the terms of the Issuer's 2025 Short Term Incentive Bonus Plan.

Key Figures

RSUs granted: 12,539 units RSUs converted to shares: 12,539 shares Shares sold for taxes: 4,720 shares +3 more

6 metrics

RSUs granted 12,539 units Fully vested RSUs granted in lieu of cash bonus

RSUs converted to shares 12,539 shares Class A common stock received upon RSU vesting

Shares sold for taxes 4,720 shares Open-market sale to pay withholding taxes

Sale price per share $2.9861 per share Price for Class A common stock sold on April 6

Shares owned after transactions 137,954 shares Direct Class A holdings following reported activity

Derivative exercises 12,539 units RSUs exercised/converted into Class A shares

Key Terms

Restricted Stock Units, withholding taxes, 2025 Short Term Incentive Bonus Plan

3 terms

Restricted Stock Units financial

"Represents Restricted Stock Units that were fully vested as of the grant date."

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.

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.

2025 Short Term Incentive Bonus Plan financial

"shares received in lieu of cash in accordance with the terms of the Issuer's 2025 Short Term Incentive Bonus Plan"

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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).

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^*

Wittmann Michael

(Last) (First) (Middle)

C/O INDIE SEMICONDUCTOR, INC.

32 JOURNEY

(Street)

ALISO VIEJO CALIFORNIA 92656

(City) (State) (Zip)

UNITED STATES

(Country)

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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/03/2026		M		12,539	A	$0	142,674	D
Class A Common Stock	04/06/2026		S(1)		4,720	D	$2.9861	137,954	D

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	(2)	04/03/2026		A		12,539		(3)	(3)	Class A Common Stock	12,539	$0	12,539	D
Restricted Stock Units	(2)	04/03/2026		M			12,539	(3)	(3)	Class A Common Stock	12,539	$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. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

3. Represents Restricted Stock Units that were fully vested as of the grant date. These RSUs represent shares received in lieu of cash in accordance with the terms of the Issuer's 2025 Short Term Incentive Bonus Plan.

	/s/ Michael Wittmann, by Naixi Wu pursuant to power of attorney filed on January 22, 2024	04/07/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did INDI COO Michael Wittmann report?

Michael Wittmann reported receiving and vesting 12,539 Restricted Stock Units, which converted into 12,539 Class A shares, and selling 4,720 shares. The sale was made to cover withholding taxes related to the RSU vesting, not as a discretionary open-market liquidation.

How many indie Semiconductor (INDI) shares does the COO hold after these trades?

After the reported transactions, Chief Operating Officer Michael Wittmann directly owns 137,954 shares of indie Semiconductor Class A common stock. This figure reflects the RSU conversion into shares and the subsequent 4,720-share sale executed to satisfy associated withholding tax obligations.

Were the INDI COO’s RSUs part of a bonus or salary compensation plan?

Yes. The 12,539 Restricted Stock Units granted to the COO were fully vested on the grant date and issued in lieu of cash. They were awarded under indie Semiconductor’s 2025 Short Term Incentive Bonus Plan as an equity-based component of his short-term compensation.

Was the INDI COO’s 4,720-share sale a routine tax transaction?

Yes. Footnotes state the 4,720 shares of Class A common stock were sold in the open market specifically to pay withholding taxes arising from the vesting of RSUs. This characterizes the sale as tax-driven rather than a discretionary reduction in his equity exposure.

What does each RSU reported by indie Semiconductor’s COO represent?

Each Restricted Stock Unit reported represents a contingent right to receive one share of indie Semiconductor Class A common stock. When the RSUs vested, they were settled in stock on a one-for-one basis, increasing the COO’s direct share ownership accordingly.