Wu Naixi 4

4 · indie Semiconductor, Inc. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

indie Semiconductor (INDI) CFO Wu Naixi Sells 17,162 Shares

What Happened

Wu Naixi, Chief Financial Officer of indie Semiconductor, had 17,162 restricted stock units (RSUs) that vested/converted into 17,162 shares on 2026-03-01 (awarded/exercised at $0.00). On 2026-03-02 she sold all 17,162 shares in two open-market transactions at $3.56 per share, generating total proceeds of approximately $61,153. These sales were to cover withholding taxes and to satisfy a pre-existing sell-all election.

Key Details

Transaction dates and prices:
- 2026-03-01: RSUs vested/awarded (17,162 shares, $0.00 per share).
- 2026-03-01: Exercise/conversion reported (derivative conversion of 17,162 shares).
- 2026-03-02: Open-market sale of 9,903 shares at $3.56 ($35,287).
- 2026-03-02: Open-market sale of 7,259 shares at $3.56 ($25,866).
- Total proceeds reported: $61,153.
Shares owned after transaction: Not specified in the reported data provided.
Footnotes of note:
- F1: 9,903 shares sold to pay withholding taxes related to RSU vesting.
- F2: 7,259 shares sold under a sell-all election from a voluntary equity program (election made in an open trading window while not in possession of MNPI).
- F3/F4: Each RSU converts to one share; these RSUs were fully vested and were issued in lieu of a portion of cash salary per a Board-approved program.
Filing timeliness: Form 4 was filed on 2026-03-02 for transactions on 2026-03-01 and 03-02; no late filing indication in the data provided.

Context

This sequence is a routine post-vesting transaction: RSUs vested and converted into shares, then shares were sold (part to cover taxes and part per a sell-all election). Such sales tied to tax withholding or pre-set sell elections are common and do not by themselves indicate the insider’s view of the company’s outlook. Transaction codes: A = award/grant, M = exercise/conversion of derivative, S = sale.

Form 4

Period: 2026-03-01

Chief Financial Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-03-01+17,162→ 94,131 total
Sale
Class A Common Stock
[F1]
2026-03-02$3.56/sh−9,903$35,287→ 84,228 total
Sale
Class A Common Stock
[F2]
2026-03-02$3.56/sh−7,259$25,866→ 76,969 total
Award
Restricted Stock Units
[F3][F4]
2026-03-01+17,162→ 17,162 total
→ Class A Common Stock (17,162 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-03-01−17,162→ 0 total
→ Class A Common Stock (17,162 underlying)

Holdings

Footnotes (4)

[F1]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").
[F2]Represents shares of Class A common stock sold in the open market in accordance with a sell-all election made at the start of a program period of a voluntary equity compensation program as approved by the Board of Directors in June 2023. This election was made during an open trading window while Ms. Wu was not in possession of material non-public information.
[F3]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
[F4]Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.

Signature

/s/ Naixi Wu by Chang Eui Kim pursuant to power of attorney filed on October 30, 2025|2026-03-02

1 file