Scott Kee - Sep 16, 2022 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Signature
/s/ Scott Kee by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol
INDI
Transactions as of
Sep 16, 2022
Transactions value $
-$410,000
Form type
4
Date filed
9/20/2022, 05:54 PM
Previous filing
Sep 2, 2022
Next filing
Nov 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDI Class V Common Stock Options Exercise $0 -50K -0.92% $0.00 5.36M Sep 16, 2022 Direct F1
transaction INDI Class A Common Stock Options Exercise $0 +50K +7473.84% $0.00 50.7K Sep 16, 2022 Direct F2
transaction INDI Class A Common Stock Sale -$410K -50K -98.68% $8.20 669 Sep 16, 2022 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INDI ADK Class A Units Options Exercise $0 -50K -0.92% $0.00 5.36M Sep 16, 2022 Class A Common Stock 50K $0.00 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
F2 Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
F3 Represents shares of Class A common stock sold in the open market pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 17, 2022. The Reporting Person's Rule 10b5-1 plan includes a series of automated open market sales with a range of predetermined prices through December 16, 2023.
F4 The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $8.15 to $8.31, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
F5 N/A