Michael Wittmann - Feb 20, 2024 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role
Chief Operating Officer
Signature
/s/ Michael Wittmann, by Naixi Wu pursuant to power of attorney filed on January 22, 2024
Stock symbol
INDI
Transactions as of
Feb 20, 2024
Transactions value $
-$13,296
Form type
4
Date filed
2/22/2024, 09:30 PM
Previous filing
Feb 1, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDI Class A Common Stock Options Exercise $0 +1.89K +6.23% $0.00 32.2K Feb 20, 2024 Direct
transaction INDI Class A Common Stock Tax liability -$4.76K -675 -2.1% $7.05 31.5K Feb 21, 2024 Direct F1
transaction INDI Class A Common Stock Sale -$8.54K -1.21K -3.85% $7.05 30.3K Feb 21, 2024 Direct F2

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 +1.89K $0.00 1.89K Feb 20, 2024 Class A Common Stock 1.89K Direct F3, F4
transaction INDI Restricted Stock Units Options Exercise $0 -1.89K -100% $0.00* 0 Feb 20, 2024 Class A Common Stock 1.89K Direct F3, F4
* 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 in accordance with a sell-all election made at the start of a program period of a voluntary equity compensation program as approved by the Board of Directors in June 2023. This election was made during an open trading window while Mr. Wittmann was not in possession of material non-public information.
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.