Scott David Kee - 28 Feb 2022 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: 28 Feb 2022
Net transactions value: -$1,574,776
Form type: 4
Filing time: 02 Mar 2022, 18:38:25 UTC
Previous filing: 16 Feb 2022
Next filing: 04 Mar 2022
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	-188,912	-3.3%	$0.000000	5,594,750	28 Feb 2022	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+188,912	+28238%	$0.000000	189,581	28 Feb 2022	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$1,490,516	-188,912	-100%	$7.89	669	28 Feb 2022	Direct
transaction	INDI	Class V Common Stock	Options Exercise	$0	-11,000	-0.2%	$0.000000	5,583,750	01 Mar 2022	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+11,000	+1644%	$0.000000	11,669	01 Mar 2022	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$84,260	-11,000	-94%	$7.66	669	01 Mar 2022	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	-188,912	-3.3%	$0.000000	5,594,750	28 Feb 2022	Class A Common Stock	188,912	$0.000000	Direct	F2, F3
transaction	INDI	ADK Class A Units	Options Exercise	$0	-11,000	-0.2%	$0.000000	5,583,750	01 Mar 2022	Class A Common Stock	11,000	$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