Kanwardev Raja Singh Bal - 09 Mar 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: 09 Mar 2023
Net transactions value: -$7,572
Form type: 4
Filing time: 13 Mar 2023, 19:37:47 UTC
Previous filing: 07 Feb 2023
Next filing: 11 Apr 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	+1,442		$0.000000	1,442	09 Mar 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	$7,572	-726	-50%	$10.43	716	10 Mar 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	Options Exercise	$0	-1,442	-25%	$0.000000	4,327	09 Mar 2023	Class A Common Stock	1,442	$0.000000	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.