indie Semiconductor CFO sells shares for tax withholding

indie Semiconductor, Inc. Chief Financial Officer Naixi Wu reported several equity transactions involving Class A common stock.

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Rhea-AI Filing Summary

indie Semiconductor, Inc. Chief Financial Officer Naixi Wu reported several equity transactions involving Class A common stock. On March 3, 2026, Wu acquired 750 shares of Class A common stock through the exercise or conversion of 750 performance-based restricted stock units at a price of $0.0000 per share. On March 4, 2026, Wu sold 531 shares of Class A common stock in an open-market transaction at an average price of $2.5308 per share to pay withholding taxes related to restricted stock unit vesting. Following these transactions, Wu held 77,188 shares of Class A common stock directly, and 90 additional shares were reported as held indirectly by a spouse.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Wu Naixi

Role Chief Financial Officer

Sold 531 shs ($1K)

Approx. gross sale proceeds $1K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	531	$2.5308	$1K
Exercise	Performance-based Restricted Stock Units	750	$0.00	$0.00
Exercise	Class A Common Stock	750	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Performance-based Restricted Stock Units — 3,000 contracts (Direct); Class A Common Stock — 77,188 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. 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.

FAQ

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

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

indie Semiconductor CFO Naixi Wu reported acquiring 750 Class A shares via performance-based restricted stock units and selling 531 Class A shares. The sale was to cover withholding taxes from restricted stock unit vesting while maintaining a substantial remaining direct share position.

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

CFO Naixi Wu sold 531 shares of indie Semiconductor Class A common stock at an average price of $2.5308 per share. According to the disclosure, this open-market sale was made specifically to pay withholding taxes tied to restricted stock unit vesting.

Did indie Semiconductor (INDI) CFO Naixi Wu acquire additional shares in this Form 4?

Yes. Naixi Wu acquired 750 shares of Class A common stock through the exercise or conversion of 750 performance-based restricted stock units at $0.0000 per share. Each restricted stock unit represents a contingent right to receive one share of Class A common stock upon vesting.

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

After the reported transactions, Naixi Wu directly held 77,188 shares of indie Semiconductor Class A common stock. An additional 90 shares were reported as held indirectly by a spouse, reflecting a small separate position associated with the reporting person’s household.

Why did the indie Semiconductor (INDI) CFO sell shares instead of only exercising awards?

The filing states the 531 shares of Class A common stock were sold in the open market to pay withholding taxes linked to restricted stock unit vesting. This type of sale is a common mechanism for covering tax obligations without using separate cash.

How do indie Semiconductor (INDI) performance-based RSUs for the CFO vest?

The performance-based restricted stock units vest in 12.5% increments when each of four independent operational performance goals is achieved. The remaining units vest in additional 12.5% increments on the anniversary of each corresponding performance goal’s achievement, creating a staged vesting schedule.

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 03/05/2026 - 07:01 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

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)
03/03/2026

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)
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	03/03/2026		M		750	A	$0	77,719	D
Class A Common Stock	03/04/2026		S⁽¹⁾		531	D	$2.5308	77,188	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)
Performance-based Restricted Stock Units	⁽²⁾	03/03/2026		M			750	⁽³⁾	⁽³⁾	Class A Common Stock	4,500	$0	3,000	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. 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	03/05/2026
	** 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.

Source: View Original Filing on SEC EDGAR