indie Semiconductor (INDI) president sells 200K shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
indie Semiconductor President Ichiro Aoki exercised 200,000 ADK Class A Units between March 25 and 27, 2026, converting them into 200,000 shares of Class A Common Stock and cancelling an equal number of Class V Common shares as described in the footnotes.
He then sold all 200,000 Class A shares in open‑market transactions at weighted average prices of $3.1383, $3.2770 and $3.1714 per share under a pre‑arranged Rule 10b5‑1 trading plan adopted on December 8, 2025. Following these trades, he directly holds 100,952 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 200,000 shares ($643,185)
Net Sell
12 txns
Insider
Aoki Ichiro
Role
President
Sold
200,000 shs ($643K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ADK Class A Units | 50,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 50,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $3.1714 | $159K |
| Exercise | ADK Class A Units | 100,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 100,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 100,000 | $0.00 | -- |
| Sale | Class A Common Stock | 100,000 | $3.277 | $328K |
| Exercise | ADK Class A Units | 50,000 | $0.00 | -- |
| Exercise | Class V Common Stock | 50,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $3.1383 | $157K |
Holdings After Transaction:
ADK Class A Units — 3,889,362 shares (Direct);
Class V Common Stock — 3,889,362 shares (Direct);
Class A Common Stock — 150,952 shares (Direct)
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. 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. 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 $3.03 to $3.22, 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 $3.11 to $3.37, 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 $3.11 to $3.23, 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
FAQ
What insider transactions did INDI’s President Ichiro Aoki report in this Form 4?
Ichiro Aoki exercised 200,000 ADK Class A Units into Class A Common Stock and sold all 200,000 shares. The exercise and related cancellations occurred March 25–27, 2026, followed by open‑market sales of those shares reported in this Form 4.
What is the relationship between ADK Class A Units, Class V stock, and INDI Class A Common Stock?
Each ADK Class A Unit is exchangeable for one share of Class A Common Stock, or cash at the issuer’s election. When Aoki exchanges an ADK Class A Unit for Class A stock, a corresponding share of Class V Common Stock is cancelled, as described in the footnotes.
How many derivative exercises did Ichiro Aoki report for indie Semiconductor (INDI)?
The Form 4 shows three derivative exercises totaling 200,000 ADK Class A Units. These exercises converted the units into an equal number of Class A Common shares over March 25–27, 2026, with remaining derivative positions not listed in the derivative summary of this filing.