indie Semiconductor (INDI) president sells 300,562 shares after exercising units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
indie Semiconductor, Inc. president Ichiro Aoki reported an exercise-and-sell set of transactions involving Class A and Class V shares. On June 2, 2026, he sold a total of 300,562 shares of Class A Common Stock in open-market transactions at weighted average prices reported around $5.12–$5.19 per share, with a portion specifically used to pay withholding taxes related to vesting Restricted Stock Units.
These sales were paired with exercises and conversions. Aoki exchanged ADK Class A Units for Class A Common Stock, which led to cancellation of an equal number of Class V shares, and also converted Restricted Stock Units into Class A shares. Following the transactions, he held 107,148 shares of Class A Common Stock, 2,589,362 shares of Class V Common Stock, and 1,541 Restricted Stock Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 300,562 shares ($1,555,926)
Net Sell
12 txns
Insider
Aoki Ichiro
Role
President
Sold
300,562 shs ($1.56M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units | 200,000 | $0.00 | -- |
| Exercise | ADK Class A Units | 100,000 | $0.00 | -- |
| Sale | Class A Common Stock | 562 | $5.1169 | $3K |
| Exercise | Class V Common Stock | 200,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 200,000 | $0.00 | -- |
| Sale | Class A Common Stock | 200,000 | $5.1853 | $1.04M |
| Exercise | Class V Common Stock | 100,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 100,000 | $0.00 | -- |
| Sale | Class A Common Stock | 100,000 | $5.1599 | $516K |
| Grant/Award | Restricted Stock Units | 1,541 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,541 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,541 | $0.00 | -- |
Holdings After Transaction:
ADK Class A Units — 2,589,362 shares (Direct, null);
Class A Common Stock — 107,148 shares (Direct, null);
Class V Common Stock — 2,589,362 shares (Direct, null);
Restricted Stock Units — 1,541 shares (Direct, null)
Footnotes (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. Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 3. Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled. Represents shares of Class A Common Stock sold in the open market. 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 $5.07 to $5.29, 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. 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 $5.095 to $5.20, 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. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant. N/A
Key Figures
Shares sold: 300,562 shares
Sale price range: $5.07–$5.29 per share
Class A holdings after: 107,148 shares
+4 more
7 metrics
Shares sold
300,562 shares
Class A Common Stock sold in open-market transactions on June 2, 2026
Sale price range
$5.07–$5.29 per share
Weighted average price ranges for reported open-market sales
Class A holdings after
107,148 shares
Class A Common Stock directly held following all reported transactions
Class V holdings after
2,589,362 shares
Class V Common Stock directly held following exchanges and cancellations
RSUs after
1,541 units
Restricted Stock Units outstanding after conversion and new grant
Derivative exercises
301,541 shares
Total shares underlying exercised or converted derivatives per summary
Net share change
-300,562 shares
Net buy/sell shares across reported transactions
Key Terms
Restricted Stock Units, Class V Common Stock, ADK Class A Units, weighted average price, +1 more
5 terms
Restricted Stock Units financial
"Represents Restricted Stock Units ("RSUs") 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.
Class V Common Stock financial
"Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units"
ADK Class A Units financial
"Class A Common Stock received upon conversion of ADK Class A Units."
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.
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.
