Was the indie Semiconductor (INDI) CFO’s share sale a tax-related transaction?

Yes. A footnote explains the 5,876-share sale was executed in the open market specifically to fund withholding taxes tied to the vesting of RSUs. This characterizes the sale as a tax-driven event rather than a discretionary investment decision or change in ownership stance.

[Form 4] indie Semiconductor, Inc. Insider Trading Activity

indie Semiconductor CFO Naixi Wu reported routine equity compensation activity and a related tax sale.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

indie Semiconductor CFO Naixi Wu reported routine equity compensation activity and a related tax sale. On April 3, Wu received 10,475 Restricted Stock Units, fully vested and granted in lieu of cash under the 2025 Short Term Incentive Bonus Plan, then converted them into 10,475 shares of Class A common stock.

On April 6, Wu sold 5,876 Class A shares at $2.9863 per share to pay withholding taxes tied to the RSU vesting, rather than as a discretionary portfolio decision. After these transactions, Wu directly held 75,787 Class A shares, with an additional 90 shares held indirectly by a spouse.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Wu Naixi

Role Chief Financial Officer

Sold 5,876 shs ($18K)

Approx. gross sale proceeds $18K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	5,876	$2.9863	$18K
Grant/Award	Restricted Stock Units	10,475	$0.00	$0.00
Exercise	Restricted Stock Units	10,475	$0.00	$0.00
Exercise	Class A Common Stock	10,475	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 75,787 shares (Direct); Class A Common Stock — 90 shares (Indirect, by spouse)

Footnotes (3)

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 ("RSUs").
F2. Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F3. 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

Tax-related share sale: 5,876 shares at $2.9863 RSUs granted: 10,475 Restricted Stock Units Shares from RSU conversion: 10,475 Class A shares +2 more

5 metrics

Tax-related share sale 5,876 shares at $2.9863 Class A common stock sold April 6, 2026 to pay withholding taxes

RSUs granted 10,475 Restricted Stock Units Fully vested at grant on April 3, 2026 under 2025 Short Term Incentive Bonus Plan

Shares from RSU conversion 10,475 Class A shares Received via exercise/conversion of RSUs on April 3, 2026

Direct holdings after transactions 75,787 Class A shares Direct ownership following reported April 2026 transactions

Indirect spouse holdings 90 Class A shares Indirect ownership classified as held by spouse after transactions

Key Terms

Restricted Stock Units, withholding taxes, Short Term Incentive Bonus Plan, grant, award, or other acquisition

4 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.

Short Term Incentive Bonus Plan financial

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

grant, award, or other acquisition financial

"Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did indie Semiconductor (INDI) CFO Naixi Wu report?

CFO Naixi Wu reported receiving 10,475 fully vested RSUs, converting them into 10,475 Class A shares, and selling 5,876 shares. The sale was explicitly to cover withholding taxes related to the RSU vesting, not a discretionary open-market liquidation.

How many indie Semiconductor (INDI) shares did the CFO sell and at what price?

Naixi Wu sold 5,876 shares of indie Semiconductor Class A common stock at $2.9863 per share. The filing states this sale was made in the open market specifically to pay withholding taxes arising from the vesting of Restricted Stock Units.

What RSU awards did the indie Semiconductor (INDI) CFO receive?

Wu received 10,475 Restricted Stock Units on April 3, each representing one share of Class A common stock. These RSUs were fully vested at grant and provided in lieu of cash under the company’s 2025 Short Term Incentive Bonus Plan, then promptly converted into shares.

How many indie Semiconductor (INDI) shares does the CFO hold after these transactions?

Following the reported transactions, Naixi Wu directly owned 75,787 shares of Class A common stock. The filing also shows an additional 90 shares held indirectly through a spouse, providing a view of both direct and related-party holdings in the company’s equity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/07/2026 - 08:30 PM

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

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 Financial 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/03/2026		M		10,475	A	$0	81,663	D
Class A Common Stock	04/06/2026		S⁽¹⁾		5,876	D	$2.9863	75,787	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	04/03/2026		A		10,475		⁽³⁾	⁽³⁾	Class A Common Stock	10,475	$0	10,475	D
Restricted Stock Units	⁽²⁾	04/03/2026		M			10,475	⁽³⁾	⁽³⁾	Class A Common Stock	10,475	$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/ Naixi Wu by Chang Eui Kim pursuant to power of attorney filed on October 30, 2025	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)

Source: View Original Filing on SEC EDGAR

[Form 4] indie Semiconductor, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Positive

Negative