Kanwardev Raja Singh Bal - 01 Dec 2022 Form 3 Insider Report for indie Semiconductor, Inc. (INDI)

Role
SVP Chief Accounting Officer
Signature
/s/ Bal, K. Raja S. by Naixi Wu pursuant to power of attorney filed on December 7, 2022
Issuer symbol
INDI
Transactions as of
01 Dec 2022
Net transactions value
$0
Form type
3
Filing time
09 Dec 2022, 17:01:49 UTC
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding INDI Class A Common Stock 19,507 01 Dec 2022 Direct

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
holding INDI Restricted Stock Units 01 Dec 2022 Class A Common Stock 5,769 $0.000000 Direct F1
holding INDI Performance-based Restricted Stock Units 01 Dec 2022 Class A Common Stock 17,308 $0.000000 Direct F2
holding INDI Restricted Stock Units 01 Dec 2022 Class A Common Stock 50,000 $0.000000 Direct F3
holding INDI Phantom Awards 01 Dec 2022 Class A Common Stock 139,001 $0.000000 Direct F4
holding INDI Employee Stock Option (right to buy) 01 Dec 2022 Class A Common Stock 16,558 $7.58 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. Such restricted stock units vest at the rate of 25% annually beginning March 9, 2023.
F2 Each performance-based restricted stock unit represent a contingent right to receive one share of Class A Common Stock. Reported shares reflect the target number of shares awarded to the Reporting Person by the Compensation Committee of the Issuer's Board of Directors. Subject to the Issuer's Class A common stock achieving a specified price per share, the number of shares issued pursuant to the award may range from 0% to 200% of the target.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. Such restricted stock units vest at the rate of 25% annually beginning August 31, 2023.
F4 Each phantom award represents a contingent right to receive one share of Class A Common Stock. Such phantom awards will vest in installments of 69,501 and 69,500 on October 12, 2023 and 2024, respectively.
F5 These stock options vest with respect to twenty-five percent (25%) of the total number of shares of Class A common stock subject to the stock option on each of the first, second, third and fourth anniversaries of the grant date beginning March 9, 2023.

Remarks:

Exhibit List - Exhibit 24.1 Power of Attorney