Ichiro Aoki - 10 Dec 2021 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: President, Director
Signature: /s/ Ichiro Aoki 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: -$7,225,003
Form type: 4
Filing time: 14 Dec 2021, 19:11:13 UTC
Previous filing: 21 Jun 2021
Next filing: 16 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	-291,920	-4.6%	$0.000000	6,042,429	10 Dec 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+291,920	+46117%	$0.000000	292,553	10 Dec 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$3,570,182	-291,920	-100%	$12.23	633	10 Dec 2021	Direct
transaction	INDI	Class V Common Stock	Options Exercise	$0	-306,870	-5.1%	$0.000000	5,735,559	13 Dec 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+306,870	+48479%	$0.000000	307,503	13 Dec 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$3,654,822	-306,870	-100%	$11.91	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	-291,920	-4.6%	$0.000000	6,042,429	10 Dec 2021	Class A Common Stock	291,920	$0.000000	Direct	F2, F3
transaction	INDI	ADK Class A Units	Options Exercise	$0	-306,870	-5.1%	$0.000000	5,735,559	13 Dec 2021	Class A Common Stock	306,870	$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 number 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