Scott David Kee - 07 Mar 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: 07 Mar 2022
Net transactions value: -$820
Form type: 4
Filing time: 09 Mar 2022, 16:00:54 UTC
Previous filing: 04 Mar 2022
Next filing: 15 Aug 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	-105	-0%	$0.000000	5,559,514	07 Mar 2022	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+105	+16%	$0.000000	774	07 Mar 2022	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$820	-105	-14%	$7.81	669	07 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	-105	-0%	$0.000000	5,559,514	07 Mar 2022	Class A Common Stock	105	$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