| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | INDI | Class A Common Stock | Options Exercise | $0 | +8.2K | +31.05% | $0.00 | 34.6K | Mar 1, 2024 | Direct | |
| transaction | INDI | Class A Common Stock | Tax liability | -$23.3K | -3.41K | -9.84% | $6.83 | 31.2K | Mar 4, 2024 | Direct | F1 |
| transaction | INDI | Class V Common Stock | Options Exercise | $0 | -50K | -0.91% | $0.00 | 5.44M | Mar 4, 2024 | Direct | F2 |
| transaction | INDI | Class A Common Stock | Options Exercise | $0 | +50K | +160.22% | $0.00 | 81.2K | Mar 4, 2024 | Direct | F3 |
| transaction | INDI | Class A Common Stock | Sale | -$339K | -50K | -61.57% | $6.77 | 31.2K | Mar 4, 2024 | Direct | F4, F5 |
| 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 | +8.2K | $0.00 | 8.2K | Mar 1, 2024 | Class A Common Stock | 8.2K | Direct | F6, F7 | ||
| transaction | INDI | Restricted Stock Units | Options Exercise | $0 | -8.2K | -100% | $0.00* | 0 | Mar 1, 2024 | Class A Common Stock | 8.2K | Direct | F6, F7 | |
| transaction | INDI | ADK Class A Units | Options Exercise | $0 | -50K | -0.91% | $0.00 | 5.44M | Mar 4, 2024 | Class A Common Stock | 50K | $0.00 | Direct | F3, F8 |
| 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 | Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 3. |
| F3 | Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal number of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled. |
| F4 | Represents shares of Class A common stock sold in the open market. |
| F5 | 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 $6.76 to $6.80, 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. |
| F6 | Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
| F7 | 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. |
| F8 | N/A |