Steven Machuga - Apr 7, 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Operating Officer
Signature: /s/ Steve Machuga by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol: INDI
Transactions as of: Apr 7, 2023
Transactions value $: -$37,008
Form type: 4
Date filed: 4/11/2023, 06:06 PM
Previous filing: Feb 28, 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	+11.8K	+17.78%	$0.00	78.2K	Apr 7, 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	-$37K	-4.14K	-5.29%	$8.95	74K	Apr 10, 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	+11.8K		$0.00	11.8K	Apr 7, 2023	Class A Common Stock	11.8K		Direct	F2, F3
transaction	INDI	Restricted Stock Units	Options Exercise	$0	-11.8K	-100%	$0.00^*	0	Apr 7, 2023	Class A Common Stock	11.8K		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	Represents a bonus for fiscal 2022 performance as approved by the Compensation Committee and paid in shares of Class A Common Stock that immediately vested on April 7, 2023.