Thomas schiller - 03 Jan 2024 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role
CFO and EVP of Strategy
Signature
/s/ Thomas Schiller, by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Issuer symbol
INDI
Transactions as of
03 Jan 2024
Net transactions value
-$586,229
Form type
4
Filing time
05 Jan 2024, 19:33:34 UTC
Previous filing
19 Dec 2023
Next filing
05 Mar 2024
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 +2,308 +0.21% $0.000000 1,120,123 03 Jan 2024 Direct
transaction INDI Class A Common Stock Options Exercise $0 +56,625 +5.1% $0.000000 1,176,748 03 Jan 2024 Direct
transaction INDI Class A Common Stock Tax liability $6,956 -988 -0.08% $7.04 1,175,760 04 Jan 2024 Direct F1
transaction INDI Class A Common Stock Tax liability $156,274 -22,198 -1.9% $7.04 1,153,562 04 Jan 2024 Direct F1
transaction INDI Class A Common Stock Sale $423,000 -60,000 -5.2% $7.05 1,093,562 05 Jan 2024 Direct F2, F3

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 -2,308 -33% $0.000000 4,616 03 Jan 2024 Class A Common Stock 2,308 Direct F4, F5
transaction INDI Restricted Stock Units Options Exercise $0 -56,625 -25% $0.000000 169,875 03 Jan 2024 Class A Common Stock 56,625 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2023. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A common stock on predetermined dates through December 31, 2024.
F3 The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $6.89 to $7.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F5 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.