indie Semiconductor (INDI) CFO logs stock trades and PRSU activity

Rhea-AI Filing Summary

indie Semiconductor’s Chief Financial Officer, Naixi Wu, reported transactions in the company’s Class A common stock. On 12/10/2025, 750 performance-based restricted stock units were exercised at $0, increasing direct holdings to 87,928 shares. That same day and on 12/11/2025, Wu sold 10,000 shares on each day in open-market transactions at weighted average prices of $4.5277 and $4.4421, respectively, and an additional 386 shares were sold to pay withholding taxes, leaving 67,542 shares directly owned.

The report also shows 90 shares held indirectly by Wu’s spouse and 3,750 performance-based restricted stock units remaining outstanding. Each restricted stock unit represents a contingent right to receive one share of Class A common stock, with these PRSUs vesting in 12.5% increments upon achievement of specified operational performance goals and on the anniversaries of those achievements.

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^*

Wu Naixi

(Last) (First) (Middle)

32 JOURNEY

(Street)

ALISO VIEJO CA 92656

(City) (State) (Zip)

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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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

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

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

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	12/10/2025		M		750	A	$0	87,928	D
Class A Common Stock	12/10/2025		S(1)		10,000	D	$4.5277(2)	77,928	D
Class A Common Stock	12/11/2025		S(1)		10,000	D	$4.4421(3)	67,928	D
Class A Common Stock	12/11/2025		S(4)		386	D	$4.39	67,542	D
Class A Common Stock								90	I	by spouse

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
Performance-based Restricted Stock Units	(5)	12/10/2025		M			750	(6)	(6)	Class A Common Stock	4,500	$0	3,750	D

Explanation of Responses:

1. Represents shares of Class A common stock sold in the open market.

2. 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 $4.52 to $4.545, 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.

3. 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 $4.435 to $4.45, 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.

4. Represent 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.

5. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

6. Such performance-based restricted stock units (PRSUs) shall be earned and become vested in increments of 12.5% upon the achievement of four independent operational performance goals, with the remaining PRSUs vesting in increments of 12.5% upon the anniversary of the achievement of each corresponding performance goal.

	/s/ Naixi Wu by Chang Eui Kim pursuant to power of attorney filed on October 30, 2025	12/12/2025
	** 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.

FAQ

What insider stock transactions did indie Semiconductor (INDI) report in this filing?

The filing reports that CFO Naixi Wu exercised 750 performance-based restricted stock units into Class A common shares at $0, then sold 10,000 shares on 12/10/2025 and 10,000 shares on 12/11/2025 in open-market transactions, plus 386 shares sold to pay withholding taxes.

How many indie Semiconductor (INDI) shares does CFO Naixi Wu own after these transactions?

After the reported transactions, Naixi Wu directly owns 67,542 shares of indie Semiconductor Class A common stock and indirectly owns 90 shares through a spouse.

At what prices did the indie Semiconductor (INDI) CFO sell shares?

On 12/10/2025, the CFO sold shares at a weighted average price of $4.5277, and on 12/11/2025 sold additional shares at a weighted average price of $4.4421. A separate sale of 386 shares to cover taxes was made at $4.39 per share.

What performance-based restricted stock units (PRSUs) does the indie Semiconductor (INDI) CFO hold?

Following the exercise of 750 PRSUs, the CFO beneficially owns 3,750 performance-based restricted stock units. Each unit represents a contingent right to receive one share of Class A common stock.

How do the indie Semiconductor (INDI) PRSUs held by the CFO vest?

The performance-based restricted stock units vest in 12.5% increments upon achievement of four independent operational performance goals, with the remaining PRSUs vesting in 12.5% increments on the anniversary of each corresponding performance goal’s achievement.

Were any indie Semiconductor (INDI) shares sold to cover tax obligations?

Yes. A block of 386 shares of Class A common stock was sold in the open market specifically to pay withholding taxes related to the vesting of restricted stock units.