Investment Adviser Frontier Holds 17.96M Indie Semiconductor Shares (9.22%)

Rhea-AI Filing Summary

Frontier Capital Management Co., LLC reports beneficial ownership of 17,960,663 shares of Indie Semiconductor, Inc., representing 9.22% of the Class A common stock as of the reported event date 06/30/2025. Frontier discloses sole dispositive power over all 17,960,663 shares and sole voting power over 9,034,858 shares. The filing is made in the capacity of an investment adviser (IA) and includes a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. This is a routine, material ownership disclosure by a >5% holder.

Positive

• Material disclosed stake: Beneficial ownership of 17,960,663 shares equals 9.22% of the Class A common stock, above the 5% reporting threshold
• Clear control of disposition: Reporting person states sole dispositive power over all 17,960,663 shares
• Certification of ordinary-course holdings: Filing certifies shares were acquired and are held in the ordinary course of business and not to change control

Negative

• None.

Insights

Financial Analyst

TL;DR: Frontier holds a material 9.22% passive stake, with full disposal rights and significant voting exposure on roughly half the position.

Frontier Capital's reported 17,960,663 shares (9.22%) is a material position that can attract market attention because it exceeds the 5% disclosure threshold. The report shows sole dispositive power over the entire holding and sole voting power over 9,034,858 shares, indicating the adviser controls trading decisions and votes a substantial subset of the position. The certification states the holdings are maintained in the ordinary course and not for control, consistent with a passive 13G posture rather than an activist 13D approach. For market participants, this is a notable institutional stake but not, on its face, an intent to change control.

Corporate Governance Expert

TL;DR: A governance-relevant disclosure: a single adviser holds voting influence on ~9.03M shares while disclaiming intent to influence control.

The filing identifies Frontier as an investment adviser with sole dispositive authority and significant sole voting power on roughly half the reported shares. That split—dispositive control of 17,960,663 shares and voting control of 9,034,858—means Frontier can direct trades and will vote a material block at shareholder meetings. The certificate affirms the position is not intended to effect control, which limits immediate governance implications, but the size of the stake means future engagement or voting decisions could be consequential to shareholders and management depending on future actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

INDIE SEMICONDUCTOR, INC.

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

45569U101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 45569U101

1

Names of Reporting Persons

FRONTIER CAPITAL MANAGEMENT CO.,LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,034,858.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 17,960,663.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,960,663.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.22 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: INDIE SEMICONDUCTOR, INC.
(b)	Address of issuer's principal executive offices: 32 Journey, Aliso Viejo, California, 92656
Item 2.
(a)	Name of person filing: FRONTIER CAPITAL MANAGEMENT CO., LLC
(b)	Address or principal business office or, if none, residence: 99 Summer Street Boston, MA 02110
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A common stock, par value $0.0001 per share
(e)	CUSIP No.: 45569U101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 17,960,663
(b)	Percent of class: 9.22%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9,034,858
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 17,960,663
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FRONTIER CAPITAL MANAGEMENT CO.,LLC

Signature:	Robert E. Phay
Name/Title:	Robert E. Phay, Chief Compliance Officer & General Counsel
Date:	08/14/2025

FAQ

How many Indie Semiconductor (INDI) shares does Frontier Capital report owning?

Frontier Capital reports beneficial ownership of 17,960,663 shares of Indie Semiconductor Class A common stock.

What percentage of Indie Semiconductor does Frontier Capital's position represent?

The reported position represents 9.22% of the Class A common stock.

How much voting power does Frontier Capital hold in this filing?

Frontier reports sole voting power over 9,034,858 shares and shared voting power of 0 shares.

Does Frontier Capital claim it intends to influence control of Indie Semiconductor?

No. The certification states the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of changing or influencing control of the issuer.

In what capacity is Frontier Capital filing this Schedule 13G/A?

The filing identifies the reporting person type as an investment adviser (IA).