Bal Kanwardev Raja Singh - Aug 31, 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
Stock symbol: INDI
Transactions as of: Aug 31, 2023
Transactions value $: -$37,683
Form type: 4
Date filed: 9/5/2023, 08:19 PM
Previous filing: Apr 11, 2023
Next filing: Oct 16, 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	+12.5K	+327.23%	$0.00	16.3K	Aug 31, 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	-$37.7K	-5.62K	-34.41%	$6.71	10.7K	Sep 1, 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	-12.5K	-25%	$0.00	37.5K	Aug 31, 2023	Class A Common Stock	12.5K		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.