Wu Naixi 4

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.