Donald McClymont - 10 Dec 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
Issuer symbol: INDI
Transactions as of: 10 Dec 2021
Net transactions value: -$2,254,133
Form type: 4
Filing time: 14 Dec 2021, 19:12:10 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	-90,446	-1.4%	$0.000000	6,243,903	10 Dec 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+90,446	+14288%	$0.000000	91,079	10 Dec 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$1,087,161	-90,446	-99%	$12.02	633	10 Dec 2021	Direct
transaction	INDI	Class V Common Stock	Options Exercise	$0	-97,410	-1.6%	$0.000000	6,146,493	13 Dec 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+97,410	+15389%	$0.000000	98,043	13 Dec 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	$1,166,972	-97,410	-99%	$11.98	633	13 Dec 2021	Direct
transaction	INDI	Class A Common Stock	Options Exercise	$0	+20,850		$0.000000	20,850	10 Dec 2021	by spouse	F3
transaction	INDI	Class A Common Stock	Tax liability	$0	-7,297	-35%	$0.000000	13,553	10 Dec 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	-90,446	-1.4%	$0.000000	6,324,795	10 Dec 2021	Class A Common Stock	90,446	$0.000000	Direct	F2, F4
transaction	INDI	ADK Class A Units	Options Exercise	$0	-97,410	-1.5%	$0.000000	6,227,385	13 Dec 2021	Class A Common Stock	97,410	$0.000000	Direct	F2, F4
transaction	INDI	Phantom Awards	Options Exercise	$0	-20,850	-25%	$0.000000	62,551	10 Dec 2021	Class A Common Stock	20,850	$0.000000	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