indie Semiconductor president sells 150K shares
indie Semiconductor, Inc. president and director Ichiro Aoki reported a series of option-like conversions and share sales in March 2026.
Rhea-AI Filing Summary
indie Semiconductor, Inc. president and director Ichiro Aoki reported a series of option-like conversions and share sales in March 2026. Over March 18–20, he exercised rights tied to 150,000 ADK Class A Units, receiving an equal number of shares of Class A Common Stock while an equivalent number of Class V Common Stock was cancelled.
On each of those dates, Aoki then sold 50,000 shares of Class A Common Stock in open-market transactions at weighted average prices of $2.5975, $2.5719 and $2.5931 per share, respectively, for total sales of 150,000 shares. These sales were made under a pre-arranged Rule 10b5-1 trading plan. Following the transactions, Aoki directly holds 100,952 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 150,000 shares ($388K approx. pre-tax spread)
Exercise and Sale
12 txns
Insider
Aoki Ichiro
Role
President
Sold
150,000 shs ($388K)
Approx. gross sale proceeds
$388K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$388K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units | 50,000 | $0.00 | $0.00 |
| Exercise | Class V Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 50,000 | $2.5931 | $130K |
| Exercise | ADK Class A Units | 50,000 | $0.00 | $0.00 |
| Exercise | Class V Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 50,000 | $2.5719 | $129K |
| Exercise | ADK Class A Units | 50,000 | $0.00 | $0.00 |
| Exercise | Class V Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 50,000 | $2.5975 | $130K |
Holdings After Transaction:
ADK Class A Units — 4,189,362 contracts (Direct);
Class V Common Stock — 4,189,362 shares (Direct);
Class A Common Stock — 100,952 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 2025. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A common stock on predetermined dates through June 30, 2026.
- F4. 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 $2.55 to $2.63, 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.
- F5. 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 $2.50 to $2.65, 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.
- F6. 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 $2.49 to $2.68, 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.
- F7. N/A
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did indie Semiconductor (INDI) report for Ichiro Aoki?
Ichiro Aoki reported exercising rights linked to 150,000 ADK Class A Units into Class A Common Stock, cancelling an equivalent number of Class V shares, then selling 150,000 Class A shares in open-market trades over three days in March 2026.
What happened to Ichiro Aoki’s Class V Common Stock in the indie Semiconductor (INDI) filing?
For each ADK Class A Unit exchanged, Aoki received one share of Class A Common Stock and an equivalent number of Class V Common Stock shares were cancelled. This reflects the paired structure, where exchanging units into Class A stock eliminates corresponding Class V shares.
What do the ADK Class A Unit exercises mean for indie Semiconductor (INDI)?
The exercises converted ADK Class A Units into Class A Common Stock at a stated conversion price of $0.0000 per unit. Each exchange delivered one Class A share to Aoki and cancelled one Class V share, shifting his holdings toward the publicly traded Class A equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
