Thomas schiller - 03 Jan 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role
CFO and EVP of Strategy
Signature
/s/ Thomas Schiller, by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Issuer symbol
INDI
Transactions as of
03 Jan 2023
Net transactions value
-$5,546
Form type
4
Filing time
05 Jan 2023, 16:19:28 UTC
Previous filing
05 Dec 2022
Next filing
08 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDI Class A Common Stock Options Exercise $0 +2,307 +0.16% $0.000000 1,465,251 03 Jan 2023 Direct
transaction INDI Class A Common Stock Tax liability $5,546 -948 -0.06% $5.85 1,464,303 04 Jan 2023 Direct F1

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 +226,500 $0.000000 226,500 03 Jan 2023 Class A Common Stock 226,500 Direct F2, F3
transaction INDI Performance-based Restricted Stock Units Award $0 +750,000 $0.000000 750,000 03 Jan 2023 Class A Common Stock 750,000 Direct F4, F5
transaction INDI Restricted Stock Units Options Exercise $0 -2,307 -25% $0.000000 6,924 03 Jan 2023 Class A Common Stock 2,307 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 restricted stock units that vest shall be, 250,000 units at $20 per share, 500,000 units at $30 per share, and 750,000 units at $40 per share.