Donald McClymont - Dec 1, 2023 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Executive Officer, Director
Signature: /s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol: INDI
Transactions as of: Dec 1, 2023
Transactions value $: -$84,153
Form type: 4
Date filed: 12/5/2023, 08:29 PM
Previous filing: Jun 15, 2023
Next filing: Dec 11, 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	+11.7K	+54.15%	$0.00	33.3K	Dec 1, 2023	Direct
transaction	INDI	Class A Common Stock	Tax liability	-$30.2K	-4.12K	-12.38%	$7.34	29.2K	Dec 4, 2023	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+20.9K	+61.49%	$0.00	54.8K	Dec 1, 2023	by spouse
transaction	INDI	Class A Common Stock	Tax liability	-$53.9K	-7.34K	-13.41%	$7.34	47.4K	Dec 4, 2023	by spouse	F2
holding	INDI	Class V Common Stock						5.84M	Dec 1, 2023	Direct

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	+11.7K		$0.00	11.7K	Dec 1, 2023	Class A Common Stock	11.7K		Direct	F3, F4
transaction	INDI	Restricted Stock Units	Options Exercise	$0	-11.7K	-100%	$0.00^*	0	Dec 1, 2023	Class A Common Stock	11.7K		Direct	F3, F4
transaction	INDI	Phantom Awards	Options Exercise	$0	-20.9K	-50%	$0.00	20.9K	Dec 1, 2023	Class A Common Stock	20.9K	$0.00	By spouse	F5, F6

* 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	Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of phantom awards.
F3	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4	Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.
F5	The phantom awards vested as to 25% on December 10, 2021, 25% on December 1, 2022 and, subject to satisfaction of the further vesting condition under the award agreement, will vest as to 25% on each of December 1, 2023 and 2024. At the option of Issuer, the phantom awards may be settled either in cash or shares of Class A Common Stock.
F6	N/A