Scott David Kee - 10 Dec 2021 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Technology Officer
Signature: /s/ Scott Kee by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Issuer symbol: INDI
Transactions as of: 10 Dec 2021
Net transactions value: -$7,210,851
Form type: 4
Filing time: 14 Dec 2021, 19:10:12 UTC
Previous filing: 21 Jun 2021
Next filing: 20 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class V Common Stock	Options Exercise	$0	-352,340	-5.6%	$0.000000	5,982,009	10 Dec 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+352,340	+55662%	$0.000000	352,973	10 Dec 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$4,256,267	-352,340	-100%	$12.08	633	10 Dec 2021	Direct
transaction	INDI	Class V Common Stock	Options Exercise	$0	-247,660	-4.1%	$0.000000	5,734,349	13 Dec 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+247,660	+39125%	$0.000000	248,293	13 Dec 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$2,954,584	-247,660	-100%	$11.93	633	13 Dec 2021	Direct

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	ADK Class A Units	Options Exercise	$0	-352,340	-5.6%	$0.000000	5,982,009	10 Dec 2021	Class A Common Stock	352,340	$0.000000	Direct	F2, F3
transaction	INDI	ADK Class A Units	Options Exercise	$0	-247,660	-4.1%	$0.000000	5,734,349	13 Dec 2021	Class A Common Stock	247,660	$0.000000	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
F2	Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
F3	N/A