Kanwardev Raja Singh Bal - 03 Jan 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: SVP Chief Accounting Officer
Signature: /s/ Bal, Kanwardev Raja Singh by Naixi Wu pursuant to power of attorney filed on December 7, 2022
Issuer symbol: INDI
Transactions as of: 03 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jan 2023, 16:17:27 UTC
Previous filing: 09 Dec 2022
Next filing: 07 Feb 2023
SEC: View on sec.gov

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	+37,500		$0.000000	37,500	03 Jan 2023	Class A Common Stock	37,500		Direct	F1, F2
transaction	INDI	Performance-based Restricted Stock Units	Award	$0	+50,000		$0.000000	50,000	03 Jan 2023	Class A Common Stock	50,000		Direct	F3, F4

* 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
F2	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.
F3	Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4	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 restricted stock units that vest shall be 16,666 units at $20 per share, 33,332 units at $30 per share, and 50,000 units at $40 per share.