Aoki Ichiro 4
4 · indie Semiconductor, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
indie Semiconductor (INDI) President Ichiro Aoki Sells 300,562 Shares
What Happened
- Ichiro Aoki, President and Director of indie Semiconductor (INDI), converted/ exercised derivative units into Class A common stock and sold a total of 300,562 shares in open-market transactions on June 2, 2026, generating roughly $1,555,926 in proceeds.
- Transactions included conversions/exercises at $0 (representing exchange/conversion of ADK Class A Units into Class A stock) and open-market sales: 200,000 shares ($1,037,060), 100,000 shares ($515,990) and 562 shares (~$2,876). A small block of 1,541 RSU-related shares vested and were used/sold to cover tax withholding.
Key Details
- Transaction dates: conversions and RSU vesting recorded June 1–2, 2026; open-market sales executed June 2, 2026. Form 4 filed June 3, 2026 (timely).
- Sale prices/values: reported weighted averages — 200,000 sold at $5.19 (range $5.07–$5.29), 100,000 sold at $5.16 (range $5.095–$5.20), plus a 562-share sale at $5.12; total proceeds ≈ $1,555,926.
- Shares owned after these transactions: not specified in the provided excerpt of the filing.
- Notable footnotes: sales included shares sold to cover withholding taxes on vested RSUs; several derivative entries reflect exchange/conversion of ADK Class A Units into Class A common stock with corresponding cancellation of Class V common stock.
Context
- The filings show conversions/exercises at $0 (conversion of ADK units into Class A shares), followed by immediate open-market sales — effectively a conversion + sale rather than a cash purchase (i.e., not a conventional "buy").
- Sales to cover tax withholding on vested RSUs are routine and do not necessarily indicate negative sentiment.
- All information above is factual from the Form 4; motivations are not stated in the filing.
Insider Transaction Report
Form 4
Aoki Ichiro
DirectorPresident
Transactions
- Exercise/Conversion
Class A Common Stock
2026-06-01+1,541→ 107,710 total - Sale
Class A Common Stock
[F1]2026-06-02$5.12/sh−562$2,876→ 107,148 total - Exercise/Conversion
Class V Common Stock
[F2]2026-06-02−200,000→ 2,589,362 total - Exercise/Conversion
Class A Common Stock
[F3]2026-06-02+200,000→ 307,148 total - Sale
Class A Common Stock
[F4][F5]2026-06-02$5.19/sh−200,000$1,037,060→ 107,148 total - Exercise/Conversion
Class V Common Stock
[F2]2026-06-02−100,000→ 2,489,362 total - Exercise/Conversion
Class A Common Stock
[F3]2026-06-02+100,000→ 207,148 total - Sale
Class A Common Stock
[F4][F6]2026-06-02$5.16/sh−100,000$515,990→ 107,148 total - Award
Restricted Stock Units
[F7][F8]2026-06-01+1,541→ 1,541 total→ Class A Common Stock (1,541 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F8]2026-06-01−1,541→ 0 total→ Class A Common Stock (1,541 underlying) - Exercise/Conversion
ADK Class A Units
[F3][F9]2026-06-02−200,000→ 2,589,362 totalExercise: $0.00From: 2021-12-10→ Class A Common Stock (4,939,362 underlying) - Exercise/Conversion
ADK Class A Units
[F3][F9]2026-06-02−100,000→ 2,489,362 totalExercise: $0.00From: 2021-12-10→ Class A Common Stock (4,939,362 underlying)
Footnotes (9)
- [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.
- [F2]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 3.
- [F3]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.
- [F4]Represents shares of Class A Common Stock sold in the open market.
- [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 $5.07 to $5.29, 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 $5.095 to $5.20, 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]Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
- [F8]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.
- [F9]N/A
Signature
/s/ Ichiro Aoki by Naixi Wu pursuant to power of attorney filed on June 21, 2021|2026-06-03