INDI insider converts units, sells 175K Class A shares in open market
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) filed a Form 4 showing that its president and director reported a series of equity transactions over November 17–19, 2025. On each day, the reporting person exchanged ADK Class A Units for the same number of shares of Class A common stock at an exercise price of $0, which also triggered the cancellation of an equal number of shares of Class V common stock.
Across the three days, the reporting person converted and then sold in the open market a total of 175,000 shares of Class A common stock, at weighted average prices ranging from about $3.44 to $3.72, through multiple individual trades. After these transactions, the reporting person held 82,634 shares of Class A common stock and 4,439,362 shares of Class V common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units | 25,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 25,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 25,000 | $0.00 | -- |
| Sale | Class A Common Stock | 25,000 | $3.4423 | $86K |
| Exercise | ADK Class A Units | 75,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 75,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 75,000 | $0.00 | -- |
| Sale | Class A Common Stock | 75,000 | $3.4962 | $262K |
| Exercise | ADK Class A Units | 75,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 75,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 75,000 | $0.00 | -- |
| Sale | Class A Common Stock | 75,000 | $3.6596 | $274K |
Footnotes (1)
- 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 2. 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 $3.57 to $3.715, 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 $3.455 to $3.55, 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 $3.44 to $3.445, 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. N/A
FAQ
What insider transaction did indie Semiconductor (INDI) report on this Form 4?
The filing reports that a director and president of indie Semiconductor (INDI) exchanged ADK Class A Units into Class A common stock and sold those Class A shares in the open market over several days.
What are ADK Class A Units and how do they relate to indie Semiconductor (INDI) stock?
Each ADK Class A Unit is exchangeable by the reporting person for an equal number of shares of Class A common stock of indie Semiconductor or, at the issuer’s election, for cash equal to the fair market value of those shares. When a unit is exchanged for Class A stock, an equivalent number of Class V common shares is cancelled.
What is the insider’s relationship to indie Semiconductor (INDI)?
The reporting person is both a director and an officer of indie Semiconductor, serving in the role of President, and filed this Form 4 as an individual reporting person.