Donald McClymont - 01 Dec 2022 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Executive Officer, Director
Signature: /s/ Donald McClymont by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Issuer symbol: INDI
Transactions as of: 01 Dec 2022
Net transactions value: -$56,887
Form type: 4
Filing time: 05 Dec 2022, 17:12:07 UTC
Previous filing: 03 Nov 2022
Next filing: 05 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class A Common Stock	Options Exercise	$0	+20,850	+128%	$0.000000	37,162	01 Dec 2022	by spouse	F1
transaction	INDI	Class A Common Stock	Tax liability	$56,887	-7,312	-20%	$7.78	29,850	02 Dec 2022	by spouse	F2
holding	INDI	Class V Common Stock						6,201,506	01 Dec 2022	Direct
holding	INDI	Class A Common Stock						669	01 Dec 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	Phantom Awards	Options Exercise	$0	-20,850	-33%	$0.000000	41,701	01 Dec 2022	Class A Common Stock	20,850	$0.000000	By spouse	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The phantom awards vested as to 25% on December 10, 2021, 25% on December 1, 2022 and, subject to satisfaction of the further vesting condition under the award agreement, will vest as to 25% on each of December 1, 2023 and 2024. At the option of Issuer, the phantom awards may be settled either in cash or shares of Class A Common Stock.
F2	Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of phantom awards (see Note 1).
F3	N/A