Michael Wittmann - Mar 6, 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
Mar 6, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 08:04 PM
Previous filing
Feb 22, 2024
Next filing
Mar 12, 2024

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 +100K $0.00 100K Mar 6, 2024 Class A Common Stock 100K Direct F1, F2
transaction INDI Performance-based Restricted Stock Units Award $0 +100K $0.00 100K Mar 6, 2024 Class A Common Stock 100K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock
F2 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.
F3 Each performance-based restricted stock unit represent a contingent right to receive one share of Class A Common Stock. Such performance-based restricted stock units will vest upon the Issuer's Class A common stock achieving a specified price per share.
F4 The performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price target set at $13 per share of Issuer's Class A common stock prior to the expiration of a three-year performance period beginning on the date of grant (the "Performance Period"). Upon achievement of the stock price target, 50% of the performance-based restricted stock units shall vest, and the remaining 50% shall vest on the earlier of a) one-year from date of achievement or b) the end of the Performance Period.