indie Semiconductor (INDI) CFO nets RSU shares, sells some to cover taxes

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.

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

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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)
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)
			Code	V	Amount	(A) or (D)	Price
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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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.
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FAQ

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.