indie Semiconductor, Inc. — Director's Dealing 2021

Dec 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: indie Semiconductor, Inc. (INDI)
CIK: 0001841925
Period of Report: 2021-12-10

Reporting Person: McClymont Donald (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-10	Class V Common Stock	M	90446	—	Disposed	6243903	Direct
2021-12-10	Class A Common Stock	M	90446	—	Acquired	91079	Direct
2021-12-10	Class A Common Stock	S	90446	$12.02	Disposed	633	Direct
2021-12-13	Class V Common Stock	M	97410	—	Disposed	6146493	Direct
2021-12-13	Class A Common Stock	M	97410	—	Acquired	98043	Direct
2021-12-13	Class A Common Stock	S	97410	$11.98	Disposed	633	Direct
2021-12-10	Class A Common Stock	M	20850	—	Acquired	20850	Indirect
2021-12-10	Class A Common Stock	F	7297	—	Disposed	13553	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-10	ADK Class A Units	$0.0	M	90446	Disposed		Class A Common Stock (90446.0)	Direct
2021-12-13	ADK Class A Units	$0.0	M	97410	Disposed		Class A Common Stock (97410.0)	Direct
2021-12-10	Phantom Awards	$0.0	M	20850	Disposed		Class A Common Stock (20850.0)	Indirect

Footnotes

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