indie Semiconductor, Inc. — Director's Dealing 2022

Nov 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: indie Semiconductor, Inc. (INDI)
CIK: 0001841925
Period of Report: 2022-11-13

Reporting Person: Machuga Steven (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-13	Class A Common Stock	M	17375	—	Acquired	106628	Direct
2022-11-14	Class A Common Stock	F	8800	$8.94	Disposed	97828	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-13	Restricted Stock Units	$	M	17375	Disposed		Class A Common Stock (17375.0)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.

F2: Represents shares of Class A common stock sold in the open market pursuant to a 10b5-1 plan to pay for withholding taxes in connection with the vesting of restricted stock units previously granted to the Reporting Person. This 10b5-1 plan was adopted by the Reporting Person on June 15, 2022, and modified on September 14, 2022.

F3: The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were sold in separate transactions at prices ranging from $8.72 to $9.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.

F4: The Reporting Person was granted restricted stock units that vest over a two-year period with fifty percent (50%) vesting on January 13, 2022 and the remaining fifty percent (50%) vesting in equal monthly installments over the second year.