Wittmann Michael, Chief Operating Officer, has demonstrated a consistent pattern of selling shares in Indie Semiconductor (INDI) over the past year, with no recorded purchases in any company. According to SEC Form 4 filings, his 39 reported transactions since mid-2025 have all been sales, totaling approximately $924,316 in aggregate value. The most recent activity includes multiple sales in March 2026, with transactions on March 2 and March 9 amounting to $131,422.50 and $47,585.63, respectively. Earlier disposals in December 2025 and September 2025 were notably larger, including a single-day sale of $183,809 on September 2, 2025, followed by another $70,909 that same day.
The transactions appear to follow a structured schedule, with sales frequently clustered around the first week of the month—such as the $116,167.94 sold across three transactions on January 5, 2026. Many filings coincide with "M"-coded transactions, likely representing dispositions to satisfy tax obligations or other mandatory requirements. While the sales vary in size, the absence of any buys suggests a deliberate reduction in exposure to INDI. The consistency of these disposals, particularly the recurring multi-day sales in September 2025, March 2026, and earlier months, indicates an ongoing effort to unwind positions rather than an isolated liquidity event.
AI-assisted summary