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

Role
Chief Executive Officer, Director
Signature
/s/ Thomas Schiller by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol
INDI
Transactions as of
Dec 10, 2021
Transactions value $
-$2,254,133
Form type
4
Date filed
12/14/2021, 07:12 PM
Previous filing
Jun 21, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDI Class V Common Stock Options Exercise $0 -90.4K -1.43% $0.00 6.24M Dec 10, 2021 Direct F1
transaction INDI Class A Common Stock Options Exercise $0 +90.4K +14288.47% $0.00 91.1K Dec 10, 2021 Direct F2
transaction INDI Class A Common Stock Sale -$1.09M -90.4K -99.3% $12.02 633 Dec 10, 2021 Direct
transaction INDI Class V Common Stock Options Exercise $0 -97.4K -1.56% $0.00 6.15M Dec 13, 2021 Direct F1
transaction INDI Class A Common Stock Options Exercise $0 +97.4K +15388.63% $0.00 98K Dec 13, 2021 Direct F2
transaction INDI Class A Common Stock Sale -$1.17M -97.4K -99.35% $11.98 633 Dec 13, 2021 Direct
transaction INDI Class A Common Stock Options Exercise $0 +20.9K $0.00 20.9K Dec 10, 2021 by spouse F3
transaction INDI Class A Common Stock Tax liability $0 -7.3K -35% $0.00 13.6K Dec 10, 2021 by spouse

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 -90.4K -1.41% $0.00 6.32M Dec 10, 2021 Class A Common Stock 90.4K $0.00 Direct F2, F4
transaction INDI ADK Class A Units Options Exercise $0 -97.4K -1.54% $0.00 6.23M Dec 13, 2021 Class A Common Stock 97.4K $0.00 Direct F2, F4
transaction INDI Phantom Awards Options Exercise $0 -20.9K -25% $0.00 62.6K Dec 10, 2021 Class A Common Stock 20.9K $0.00 By spouse F3, F4
* 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 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. 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 On December 10, 2021, 20,850 shares of the phantom awards vested and automatically converted into an equal number of shares of Class A Common Stock. The phantom awards allow the recipient to acquire the number of shares of Class A Common Stock set forth above after the date they become exercisable upon satisfaction of the further vesting condition. The awards vest 25% annually, however no shares vested prior to December 10, 2021. At the option of Issuer, these awards may be settled either in cash or shares of Class A Common Stock.
F4 N/A