Kanwardev Raja Singh Bal - 31 Aug 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: 31 Aug 2023
Net transactions value: -$37,683
Form type: 4
Filing time: 05 Sep 2023, 20:19:21 UTC
Previous filing: 11 Apr 2023
Next filing: 16 Oct 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	+12,500	+327%	$0.000000	16,320	31 Aug 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	$37,683	-5,616	-34%	$6.71	10,704	01 Sep 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	-12,500	-25%	$0.000000	37,500	31 Aug 2023	Class A Common Stock	12,500		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.