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Michael Wittmann, Chief Operating Officer of indie Semiconductor, Inc. (NASDAQ:INDI), sold a total of 59,375 shares of Class A Common Stock on September 2, 2025. The sales, totaling $254,718, were executed at a price of $4.29 per share, close to the stock’s current trading level of $4.31. According to InvestingPro analysis, the company’s stock has shown strong momentum with a 55% gain over the past six months, despite its volatile nature.
The sales were executed in two tranches. The first sale involved 16,529 shares and the second involved 42,846 shares. The price for these sales ranged from $4.17 to $4.39, within the company’s 52-week range of $1.53 to $5.57. These sales were made pursuant to a Rule 10b5-1 trading plan adopted by Wittmann on March 15, 2024, and modified on May 26, 2025. For comprehensive insider trading analysis and more exclusive insights, check out the detailed Pro Research Report available on InvestingPro.
In addition to the sales, Wittmann also acquired 43,750 shares of Class A Common Stock through the exercise of Restricted Stock Units on August 31 and September 1. The company, currently valued at $932.79 million, maintains a healthy liquidity position with a current ratio of 4.34, indicating strong ability to meet short-term obligations.
In other recent news, Indie Semiconductor reported its second-quarter 2025 earnings, revealing revenue of $51.63 million, which exceeded analyst expectations of $51.4 million. Despite this revenue beat, the company posted a loss per share of $0.20, which was larger than the anticipated loss of $0.08. Additionally, Indie Semiconductor updated its at-the-market equity offering program by registering unsold shares under a new shelf registration statement. The company noted that approximately $59.8 million of its Class A common stock remains unsold from its previously disclosed $150 million ATM offering. This new filing allows Indie Semiconductor to continue offering the remaining unsold shares under the updated registration. These developments highlight the company’s ongoing financial activities and adjustments in its stock offerings.
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