Donald McClymont - Jan 3, 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Executive Officer, Director
Signature: /s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol: INDI
Transactions as of: Jan 3, 2023
Transactions value $: -$14,765
Form type: 4
Date filed: 1/5/2023, 04:12 PM
Previous filing: Dec 5, 2022
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class A Common Stock	Options Exercise	$0	+6.15K	+919.73%	$0.00	6.82K	Jan 3, 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	-$14.8K	-2.52K	-37%	$5.85	4.3K	Jan 4, 2023	Direct	F1
holding	INDI	Class V Common Stock						6.2M	Jan 3, 2023	Direct
holding	INDI	Class A Common Stock						29.9K	Jan 3, 2023	by spouse

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	Restricted Stock Units	Award	$0	+287K		$0.00	287K	Jan 3, 2023	Class A Common Stock	287K		Direct	F2, F3
transaction	INDI	Performance-based Restricted Stock Units	Award	$0	+1M		$0.00	1M	Jan 3, 2023	Class A Common Stock	1M		Direct	F4, F5
transaction	INDI	Restricted Stock Units	Award	$0	+33.8K		$0.00	33.8K	Jan 3, 2023	Class A Common Stock	33.8K		by spouse	F2, F3
transaction	INDI	Restricted Stock Units	Options Exercise	$0	-6.15K	-25%	$0.00	18.5K	Jan 3, 2023	Class A Common Stock	6.15K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of restricted stock units.
F2	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock
F3	The time-based restricted stock units shall vest and become nonforfeitable with respect to twenty-five percent (25%) of the total number of restricted stock units on each of the first, second, third and fourth anniversaries of the grant date.
F4	Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F5	These performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price targets set at $20, $30 and $40 per share of indie's Class A common stock prior to the expiration of a four-year performance period ending on December 31, 2026. The number of units that vest shall be 500,000 units at $20 per share, 850,000 units at $30 per share, and 1,000,000 units at $40 per share.