indie Semiconductor, Inc. — Director's Dealing 2025

Nov 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: indie Semiconductor, Inc. (INDI)
CIK: 0001841925
Period of Report: 2025-11-17

Reporting Person: Aoki Ichiro (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-17	Class V Common Stock	M	75000	—	Disposed	4539362	Direct
2025-11-17	Class A Common Stock	M	75000	—	Acquired	157634	Direct
2025-11-17	Class A Common Stock	S	75000	$3.6596	Disposed	82634	Direct
2025-11-18	Class V Common Stock	M	75000	—	Disposed	4464362	Direct
2025-11-18	Class A Common Stock	M	75000	—	Acquired	157634	Direct
2025-11-18	Class A Common Stock	S	75000	$3.4962	Disposed	82634	Direct
2025-11-19	Class V Common Stock	M	25000	—	Disposed	4439362	Direct
2025-11-19	Class A Common Stock	M	25000	—	Acquired	107634	Direct
2025-11-19	Class A Common Stock	S	25000	$3.4423	Disposed	82634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-17	ADK Class A Units	$0	M	75000	Disposed		Class A Common Stock (4939362)	Direct
2025-11-18	ADK Class A Units	$0	M	75000	Disposed		Class A Common Stock (4939362)	Direct
2025-11-19	ADK Class A Units	$0	M	25000	Disposed		Class A Common Stock (4939362)	Direct

Footnotes

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: Represents shares of Class A common stock sold in the open market.

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 $3.57 to $3.715, 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 $3.455 to $3.55, 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 $3.44 to $3.445, 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