Scott Kee - Feb 28, 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
Stock symbol: INDI
Transactions as of: Feb 28, 2022
Transactions value $: -$1,574,776
Form type: 4
Date filed: 3/2/2022, 06:38 PM
Previous filing: Feb 16, 2022
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class V Common Stock	Options Exercise	$0	-189K	-3.27%	$0.00	5.59M	Feb 28, 2022	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+189K	+28237.97%	$0.00	190K	Feb 28, 2022	Direct	F2
transaction	INDI	Class A Common Stock	Sale	-$1.49M	-189K	-99.65%	$7.89	669	Feb 28, 2022	Direct
transaction	INDI	Class V Common Stock	Options Exercise	$0	-11K	-0.2%	$0.00	5.58M	Mar 1, 2022	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+11K	+1644.25%	$0.00	11.7K	Mar 1, 2022	Direct	F2
transaction	INDI	Class A Common Stock	Sale	-$84.3K	-11K	-94.27%	$7.66	669	Mar 1, 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	-189K	-3.27%	$0.00	5.59M	Feb 28, 2022	Class A Common Stock	189K	$0.00	Direct	F2, F3
transaction	INDI	ADK Class A Units	Options Exercise	$0	-11K	-0.2%	$0.00	5.58M	Mar 1, 2022	Class A Common Stock	11K	$0.00	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