Donald McClymont - Mar 9, 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: Mar 9, 2023
Transactions value $: -$520,201
Form type: 4
Date filed: 3/13/2023, 07:36 PM
Previous filing: Feb 22, 2023
Next filing: Apr 11, 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	+2.5K	+8.38%	$0.00	32.4K	Mar 9, 2023	by spouse
transaction	INDI	Class A Common Stock	Tax liability	-$10.7K	-1.03K	-3.17%	$10.43	31.3K	Mar 10, 2023	by spouse	F1
transaction	INDI	Class V Common Stock	Options Exercise	$0	-50K	-0.83%	$0.00	6M	Mar 10, 2023	Direct	F2
transaction	INDI	Class A Common Stock	Options Exercise	$0	+50K	+1163.33%	$0.00	54.3K	Mar 10, 2023	Direct	F3
transaction	INDI	Class A Common Stock	Sale	-$510K	-50K	-92.08%	$10.19	4.3K	Mar 10, 2023	Direct	F4, F5

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	Options Exercise	$0	-2.5K	-25%	$0.00	7.5K	Mar 9, 2023	Class A Common Stock	2.5K	$0.00	by spouse	F6, F7
transaction	INDI	ADK Class A Units	Options Exercise	$0	-50K	-0.83%	$0.00	6M	Mar 10, 2023	Class A Common Stock	50K	$0.00	Direct	F3, F8

* 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	Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
F3	Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
F4	Represents shares of Class A common stock sold in the open market pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2022. The Reporting Person's Rule 10b5-1 plan includes a series of automated open market sales with predetermined dates and prices through June 9, 2023.
F5	The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $10.03 to $10.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
F6	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7	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.
F8	N/A