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indie Semiconductor, Inc.·4

Mar 27, 7:08 PM ET

Aoki Ichiro 4

4 · indie Semiconductor, Inc. · Filed Mar 27, 2026

Research Summary

AI-generated summary of this filing

Updated

indie Semiconductor (INDI) President Aoki Ichiro Sells 200,000 Shares

What Happened

  • Aoki Ichiro, President and Director of indie Semiconductor (INDI), executed conversions of ADK Class A Units into Class A common stock and sold a total of 200,000 shares in open-market transactions between March 25–27, 2026. The three sales generated combined gross proceeds of about $643,185 (50,000 shares on 3/25, 100,000 on 3/26, 50,000 on 3/27).
  • The conversions/exercises were reported at $0.00 per share (reflecting conversion of ADK Class A Units into Class A common stock). The converted shares were then sold the same days under predetermined automated transactions.

Key Details

  • Transaction dates and reported weighted-average prices:
    • 2026-03-25: Sold 50,000 shares at $3.14 (weighted avg; individual trades ranged $3.03–$3.22) — proceeds ≈ $156,915. (Footnote F4)
    • 2026-03-26: Sold 100,000 shares at $3.28 (weighted avg; individual trades ranged $3.11–$3.37) — proceeds ≈ $327,700. (Footnote F5)
    • 2026-03-27: Sold 50,000 shares at $3.17 (weighted avg; individual trades ranged $3.11–$3.23) — proceeds ≈ $158,570. (Footnote F6)
  • Total shares sold: 200,000; total reported proceeds: ~$643,185.
  • Several entries show exercise/conversion of derivatives at $0.00 — these reflect conversion of ADK Class A Units into Class A common stock and cancellation of corresponding Class V shares (Footnotes F1, F2).
  • Sales were made pursuant to a Rule 10b5-1 trading plan adopted by Aoki on December 8, 2025 (Footnote F3); the plan schedules automated open-market sales through June 30, 2026.
  • Shares owned after transaction: not specified in the data provided in this summary/filing excerpt.
  • Filing: Form 4 filed on 2026-03-27 reporting transactions primarily on 3/25–3/27; not marked as late.

Context

  • The derivative entries are conversions/exercises (code M) of ADK Class A Units into Class A common stock at no cash price, followed by immediate (same-day) open-market sales — effectively an exercise/conversion and disposition sequence.
  • The sales were automated under a pre-established 10b5-1 plan, which is a common mechanism executives use to make scheduled sales and helps avoid claims of trading on non-public information.
  • These are sales (liquidity events) rather than purchases; sales are routine for insiders and do not by themselves indicate company prospects.

Insider Transaction Report

Form 4
Period: 2026-03-25
indie Semiconductor, Inc.INDI
Aoki Ichiro
DirectorPresident
Transactions
  • Exercise/Conversion

    Class V Common Stock

    [F1]
    2026-03-25−50,000→ 4,039,362 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-25+50,000→ 150,952 total
  • Sale

    Class A Common Stock

    [F3][F4]
    2026-03-25$3.14/sh−50,000$156,915→ 100,952 total
  • Exercise/Conversion

    Class V Common Stock

    [F1]
    2026-03-26−100,000→ 3,939,362 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-26+100,000→ 200,952 total
  • Sale

    Class A Common Stock

    [F3][F5]
    2026-03-26$3.28/sh−100,000$327,700→ 100,952 total
  • Exercise/Conversion

    Class V Common Stock

    [F1]
    2026-03-27−50,000→ 3,889,362 total
  • Exercise/Conversion

    Class A Common Stock

    [F2]
    2026-03-27+50,000→ 150,952 total
  • Sale

    Class A Common Stock

    [F3][F6]
    2026-03-27$3.17/sh−50,000$158,570→ 100,952 total
  • Exercise/Conversion

    ADK Class A Units

    [F2][F7]
    2026-03-25−50,000→ 4,039,362 total
    Exercise: $0.00From: 2021-12-10→ Class A Common Stock (4,939,362 underlying)
  • Exercise/Conversion

    ADK Class A Units

    [F2][F7]
    2026-03-26−100,000→ 3,939,362 total
    Exercise: $0.00From: 2021-12-10→ Class A Common Stock (4,939,362 underlying)
  • Exercise/Conversion

    ADK Class A Units

    [F2][F7]
    2026-03-27−50,000→ 3,889,362 total
    Exercise: $0.00From: 2021-12-10→ Class A Common Stock (4,939,362 underlying)
Footnotes (7)
  • [F1]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.
  • [F2]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.
  • [F3]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.
  • [F4]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.
  • [F5]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.
  • [F6]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.
  • [F7]N/A
Signature
/s/ Ichiro Aoki by Naixi Wu pursuant to power of attorney filed on June 21, 2021|2026-03-27

Documents

1 file
  • 4
    ownership.xmlPrimary

    4