Kanwardev Raja Singh Bal - 06 Mar 2025 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: SVP Chief Accounting Officer
Signature: /s/ Bal, Kanwardev Raja Singh by Naixi Wu pursuant to power of attorney filed on December 7, 2022
Issuer symbol: INDI
Transactions as of: 06 Mar 2025
Net transactions value: -$10,039
Form type: 4
Filing time: 10 Mar 2025, 18:59:32 UTC
Previous filing: 04 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class A Common Stock	Options Exercise	$0	+6,250	+8.5%	$0.000000	79,725	06 Mar 2025	Direct	F1
transaction	INDI	Class A Common Stock	Sale	$8,155	-2,812	-3.5%	$2.90	76,913	07 Mar 2025	Direct	F2
transaction	INDI	Class A Common Stock	Options Exercise	$0	+1,442	+1.9%	$0.000000	78,355	09 Mar 2025	Direct
transaction	INDI	Class A Common Stock	Sale	$1,884	-661	-0.84%	$2.85	77,694	10 Mar 2025	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	Performance-based Restricted Stock Units	Award	$0	+12,500		$0.000000	12,500	06 Mar 2025	Class A Common Stock	12,500		Direct	F3, F4
transaction	INDI	Performance-based Restricted Stock Units	Options Exercise	$0	-6,250	-50%	$0.000000	6,250	06 Mar 2025	Class A Common Stock	6,250		Direct	F1, F3, F4
transaction	INDI	Restricted Stock Units	Options Exercise	$0	-1,442	-50%	$0.000000	1,443	09 Mar 2025	Class A Common Stock	1,442	$0.000000	Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquired upon achievement of certain predetermined performance criteria pursuant to a performance-based restricted stock units award (PSU Award) granted on January 3, 2023 (Award Date). The Compensation Committee certified the achievement of the performance criteria on March 6, 2025.
F2	Represent 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.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4	Represents shares of Class A common stock underlying the PSU Award previously granted by the Issuer on Award Date, the vesting of which was subject to the Issuer's achievement of certain predetermined performance criteria. The Compensation Committee certified the achievement of the performance criteria on March 6, 2025. 50% of the number of shares of Class A common stock reported herein vested on March 6, 2025, and the remaining 50% will vest on January 3, 2026.
F5	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.