Steven Machuga - Feb 23, 2022 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Operating Officer
Signature: /s/ Steve Machuga by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol: INDI
Transactions as of: Feb 23, 2022
Transactions value $: -$697,446
Form type: 4
Date filed: 2/25/2022, 07:13 PM
Previous filing: Jan 5, 2022
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class A Common Stock	Options Exercise	$0	+226K		$0.00	226K	Feb 23, 2022	Direct	F1
transaction	INDI	Class A Common Stock	Sale	-$697K	-95.8K	-42.41%	$7.28	130K	Feb 24, 2022	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	Options Exercise	$0	-226K	-52.88%	$0.00	201K	Feb 23, 2022	Class A Common Stock	226K		Direct	F1, F3

* 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	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 previously granted to the Reporting Person.
F3	The Reporting Person was granted restricted stock units that vest over a two-year period with fifty percent (50%) vesting on January 13, 2022 and the remaining fifty percent (50%) vesting in equal monthly installments over the second year.