Steven Machuga - 13 May 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
Issuer symbol: INDI
Transactions as of: 13 May 2022
Net transactions value: +$121,568
Form type: 4
Filing time: 17 May 2022, 17:18:03 UTC
Previous filing: 15 Mar 2022
Next filing: 15 Jun 2022
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	$241,165	+34,750	+25%	$6.94	173,500	13 May 2022	Direct	F1
transaction	INDI	Class A Common Stock	Sale	$119,597	-17,562	-10%	$6.81	155,938	16 May 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	-34,750	-19%	$0.000000	149,156	13 May 2022	Class A Common Stock	34,750		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.