Michael Wittmann - 19 Jun 2024 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role
Chief Operating Officer
Signature
/s/ Michael Wittmann, by Naixi Wu pursuant to power of attorney filed on January 22, 2024
Issuer symbol
INDI
Transactions as of
19 Jun 2024
Net transactions value
-$15,624
Form type
4
Filing time
21 Jun 2024, 20:46:58 UTC
Previous filing
22 May 2024
Next filing
03 Jul 2024
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 +2,520 +6.7% $0.000000 40,380 20 Jun 2024 Direct
transaction INDI Class A Common Stock Tax liability $5,568 -898 -2.2% $6.20 39,482 21 Jun 2024 Direct F1
transaction INDI Class A Common Stock Sale $10,056 -1,622 -4.1% $6.20 37,860 21 Jun 2024 Direct F2

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 Restricted Stock Units Award $0 +25,000 $0.000000 25,000 19 Jun 2024 Class A Common Stock 25,000 Direct F3, F4
transaction INDI Restricted Stock Units Award $0 +2,520 $0.000000 2,520 20 Jun 2024 Class A Common Stock 2,520 Direct F3, F5
transaction INDI Restricted Stock Units Options Exercise $0 -2,520 -100% $0.000000* 0 20 Jun 2024 Class A Common Stock 2,520 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock sold in the open market to pay for withholding taxes in connection with the vesting of restricted stock units.
F2 Represents shares of Class A common stock sold in the open market in accordance with a sell-all election made at the start of a program period of a voluntary equity compensation program as approved by the Board of Directors in June 2023. This election was made during an open trading window while Mr. Wittmann was not in possession of material non-public information.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 The time-based restricted stock units shall vest and become nonforfeitable with respect to fifty percent (50%) of the total number of restricted stock units on March 1, 2025 and 2026.
F5 Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent shares received in lieu of a percentage of cash salary as part of a voluntary equity compensation program as approved by the Board of Directors in June 2023.