Steven Machuga - 07 Apr 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
Issuer symbol: INDI
Transactions as of: 07 Apr 2023
Net transactions value: -$37,008
Form type: 4
Filing time: 11 Apr 2023, 18:06:25 UTC
Previous filing: 28 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	+11,803	+18%	$0.000000	78,179	07 Apr 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	$37,008	-4,135	-5.3%	$8.95	74,044	10 Apr 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	+11,803		$0.000000	11,803	07 Apr 2023	Class A Common Stock	11,803		Direct	F2, F3
transaction	INDI	Restricted Stock Units	Options Exercise	$0	-11,803	-100%	$0.000000^*	0	07 Apr 2023	Class A Common Stock	11,803		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.