Bal Kanwardev Raja Singh - Jan 3, 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Signature
/s/ Bal, Kanwardev Raja Singh by Naixi Wu pursuant to power of attorney filed on December 7, 2022
Stock symbol
INDI
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 04:17 PM
Previous filing
Dec 9, 2022
Next filing
Feb 7, 2023

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 +37.5K $0.00 37.5K Jan 3, 2023 Class A Common Stock 37.5K Direct F1, F2
transaction INDI Performance-based Restricted Stock Units Award $0 +50K $0.00 50K Jan 3, 2023 Class A Common Stock 50K 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.