Michael Wittmann - Jun 19, 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
Jun 19, 2024
Transactions value $
-$15,624
Form type
4
Date filed
6/21/2024, 08:46 PM
Previous filing
May 22, 2024
Next filing
Jul 3, 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 +2.52K +6.66% $0.00 40.4K Jun 20, 2024 Direct
transaction INDI Class A Common Stock Tax liability -$5.57K -898 -2.22% $6.20 39.5K Jun 21, 2024 Direct F1
transaction INDI Class A Common Stock Sale -$10.1K -1.62K -4.11% $6.20 37.9K Jun 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 +25K $0.00 25K Jun 19, 2024 Class A Common Stock 25K Direct F3, F4
transaction INDI Restricted Stock Units Award $0 +2.52K $0.00 2.52K Jun 20, 2024 Class A Common Stock 2.52K Direct F3, F5
transaction INDI Restricted Stock Units Options Exercise $0 -2.52K -100% $0.00* 0 Jun 20, 2024 Class A Common Stock 2.52K Direct F3, F5
* 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 The time-based restricted stock units shall vest and become nonforfeitable with respect to fifty percent (50%) of the total number of restricted stock units on March 1, 2025 and 2026.
F5 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.