Michael Wittmann - 01 Jul 2024 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Reporting relationship: Chief Operating Officer
Issuer ticker: INDI
Reported as of: 01 Jul 2024
Net transaction value: -$38,312
SEC form: 4
Accepted by SEC: 03 Jul 2024, 16:35:53 UTC
Prior SEC filing: 21 Jun 2024
Next SEC filing: 04 Sep 2024
Source filing: View source filing
Reporting owner signature: /s/ Michael Wittmann, by Naixi Wu pursuant to power of attorney filed on January 22, 2024

Key filing fact

Michael Wittmann filed Form 4 for indie Semiconductor, Inc. (INDI) on 03 Jul 2024.

Key facts

This page summarizes Michael Wittmann's Form 4 filing for indie Semiconductor, Inc. (INDI).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jul 2024, 16:35.

Change

Previous filing in this sequence was filed on 21 Jun 2024.
Current net transaction value: -$38,312.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

INDI transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +12,500
Change %: +33%
Price: $0.000000
Shares after: 50,360
Date: 01 Jul 2024
Ownership: Direct

INDI transaction

Class A Common Stock

Tax liability

Transaction value: $27,714
Shares: -4,521
Change %: -9%
Price: $6.13
Shares after: 45,839
Date: 03 Jul 2024
Ownership: Direct
Footnotes: F1

INDI transaction

Class A Common Stock

Sale

Transaction value: $10,599
Shares: -1,729
Change %: -3.8%
Price: $6.13
Shares after: 44,110
Date: 03 Jul 2024
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

INDI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -12,500
Change %: -33%
Price: $0.000000
Shares after: 25,000
Date: 01 Jul 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 12,500
Exercise price: $0.000000
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024. 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 March 10, 2026.

Footnote 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 $6.07 to $6.18, 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.

Footnote F4

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote F5

Such restricted stock units vest at the rate of 25% annually beginning July 1, 2023.