indie semiconductor CFO Naixi Wu sells over $68,000 in Class A shares

Naixi Wu, CFO of indie Semiconductor, sold 33,333 shares of the company's Class A stock on November 9, 2026, for roughly $68,431. The sale price ranged from $1.68 to $2.20 per share, with the current trading price at $2.28, marking a 43% increase over the past week but a 52% decline over the past six months. The stock, marked by high volatility with a beta of 3.11, saw 29,905 shares sold primarily to cover withholding taxes on Restricted Stock Units (RSUs), and an additional 3,428 shares sold, totaling approximately $7,037.

Both transactions were executed under a Rule 10b5-1 trading plan adopted by Ms. Wu on December 12, 2025. Wu had acquired 66,666 shares of Class A stock on November 6, 2026, through RSU vesting. Post these sales, she holds 196,516 shares, including an indirect beneficial ownership of 90 shares by her spouse. Indie Semiconductor reported a 31% revenue increase to $70.24 million in Q3 2026, slightly beating expectations but falling short of some forecasts, resulting in a $0.05 per share loss, compared to a Wall Street estimate of a $0.03 loss.

Despite this, B.Riley maintained a Buy rating on the stock, lowering its price target from $6.00 to $4.00 due to sector compression.