Aoki Ichiro 4

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.