indie Semiconductor COO Sells $47,625 in Shares

Michael Wittmann sold 18,750 shares of the automotive chip company's stock.

Published on Mar. 11, 2026

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indie Semiconductor, Inc. (NASDAQ:INDI) Chief Operating Officer Michael Wittmann sold 18,750 shares of the company's stock on March 9th, 2026 at an average price of $2.54 per share, for a total transaction value of $47,625. Following the sale, Wittmann still owns 130,135 shares in the company, valued at approximately $330,542.90.

Why it matters

Insider transactions, such as stock sales by company executives, can provide insights into management's views on the company's prospects. This sale by the COO represents a 12.59% decrease in his ownership stake, which may signal some caution about the company's short-term outlook.

The details

The transaction was disclosed in a filing with the Securities & Exchange Commission. indie Semiconductor is a fabless semiconductor company that specializes in advanced chip solutions for the automotive industry, including microcontrollers, sensor processing units, application processors and power management integrated circuits.

  • The share sale occurred on Monday, March 9th, 2026.

The players

Michael Wittmann

The Chief Operating Officer of indie Semiconductor, Inc.

indie Semiconductor, Inc.

A fabless semiconductor company headquartered in San Jose, California that specializes in advanced chip solutions for the automotive industry.

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The takeaway

This insider sale by indie Semiconductor's COO may signal some caution about the company's short-term prospects, though the company remains focused on developing advanced automotive semiconductor solutions.