Aoki Ichiro, president of indie Semiconductor (INDI), has filed 88 Form 4 transactions, all in a single company. The pattern is one-directional: zero open-market purchases and zero acquisitions, against $10.52 million in open-market sales. Every trade in the recent window is paired with an option exercise (code M) at zero value, followed by a sale (code S) of the resulting shares.
The selling has been steady and recent. Between May 11 and June 2, 2026, Ichiro filed 12 sale transactions totaling roughly $5.9 million. The largest single sale came on May 28 at $1,194,975, with another $1,050,360 the same day. June 2 brought two sales worth $515,990 and $1,037,060, plus a small $2,875.70 disposition. Earlier in the window, May 27 saw $885,027.50 in sales, and May 29 produced $405,034.06 plus $99,988.02. The smallest sale in the period was $105,639.57 on May 26.
The Form 4 codes show no conviction buying. The only code P, an open-market purchase, never appears in the data. The M codes are mechanical exercises, and the S codes are the resulting sales. A single A code on June 1, 2026, reflects a compensation grant, not a purchase. Ichiro's activity is entirely on the sell side, concentrated in INDI, with the most recent filings dated June 2, 2026.
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