indie Semiconductor (INDI) COO exercises RSUs and sells shares to cover taxes
Rhea-AI Filing Summary
indie Semiconductor, Inc. Chief Operating Officer Michael Wittmann reported compensation-related share activity involving Class A common stock. On July 1, 2026, he exercised restricted stock units to acquire a total of 77,500 shares of Class A common stock at a stated price of $0.00 per share. On July 2, 2026, he sold 30,207 shares at an average price of $4.4513 per share, and a footnote explains these shares were sold in the open market to pay withholding taxes tied to the RSU vesting. After these transactions, Wittmann directly owned 145,602 shares of Class A common stock. The filing reflects routine equity compensation vesting and associated tax-related sales rather than a discretionary open-market sell decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Wittmann Michael
Role
Chief Operating Officer
Sold
30,207 shs ($134K)
Approx. gross sale proceeds
$134K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 30,207 | $4.4513 | $134K |
| Exercise | Restricted Stock Units | 12,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 65,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 12,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 65,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 65,000 shares (Direct);
Class A Common Stock — 145,602 shares (Direct)
Footnotes (4)
- 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. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- F3. Such restricted stock units vest at the rate of 25% annually beginning July 1, 2023.
- F4. The time-based restricted stock units shall vest and become nonforfeitable with respect to fifty percent (50%) of the total number of restricted stock units on July 1, 2026 and 2027.
Key Figures
Tax-related sale: 30,207 shares at $4.4513/share
RSU exercises: 77,500 shares
Post-transaction holdings: 145,602 shares
+2 more
5 metrics
Tax-related sale
30,207 shares at $4.4513/share
Class A common stock sold on July 2, 2026 to pay withholding taxes
RSU exercises
77,500 shares
Class A common stock acquired via RSU exercises on July 1, 2026
Post-transaction holdings
145,602 shares
Direct ownership of Class A common stock after reported transactions
RSU conversion ratio
1 share per RSU
Each restricted stock unit represents one share of Class A common stock
RSU vesting schedule
25% annually; 50% in 2026 & 2027
25% annually from July 1, 2023; remaining 50% vests July 1, 2026 and 2027
Key Terms
Restricted Stock Units, withholding taxes, time-based restricted stock units, vest
4 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.
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 with respect to fifty percent (50%) of the total number of restricted stock units on July 1, 2026 and 2027."
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.
vest financial
"Such restricted stock units vest at the rate of 25% annually beginning July 1, 2023."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did indie Semiconductor (INDI) report for Michael Wittmann?
The filing shows COO Michael Wittmann exercised restricted stock units to acquire 77,500 Class A common shares and sold 30,207 shares. The sale was specifically to cover withholding taxes related to the RSU vesting, according to the accompanying footnote.
What restricted stock unit activity did indie Semiconductor (INDI) disclose for its COO?
The filing reports that restricted stock units converted into 77,500 shares of Class A common stock for COO Michael Wittmann. Footnotes explain each RSU represents one share, with units vesting 25% annually from July 1, 2023, and additional time-based vesting scheduled for July 1, 2026 and 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
