INDI President reports ADK unit exchanges and Class A share sales
Rhea-AI Filing Summary
indie Semiconductor (INDI) insider trading activity: A reporting person who is both a director and the President reported multiple transactions in November. On 11/13/2025, they exchanged 250,000 ADK Class A Units for an equal number of shares of Class A Common Stock at an exercise price of $0, which triggered the cancellation of 250,000 shares of Class V Common Stock. They then sold 250,000 Class A shares in open-market transactions at a weighted average price of $3.9175.
On 11/14/2025, they exchanged an additional 75,000 ADK Class A Units for 75,000 Class A shares at $0, cancelling another 75,000 Class V shares, and sold 75,000 Class A shares at a weighted average price of $3.9079. After these transactions, the reporting person beneficially owned 82,634 shares of Class A Common Stock and 4,614,362 shares of Class V Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 | $3.9079 | $293K |
| Exercise | ADK Class A Units | 250,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 250,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 250,000 | $0.00 | -- |
| Sale | Class A Common Stock | 250,000 | $3.9175 | $979K |
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 $3.815 to $4.055, 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 $3.87 to $3.935, 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
