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indie Semiconductor, Inc. — Director's Dealing 2023
Jan 5, 2023
32428_dirs_2023-01-05_b0fd64fa-6108-4254-a442-b147edc05e5f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: indie Semiconductor, Inc. (INDI)
CIK: 0001841925
Period of Report: 2023-01-03
Reporting Person: McClymont Donald (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-03 | Class A Common Stock | M | 6153 | — | Acquired | 6822 | Direct |
| 2023-01-04 | Class A Common Stock | F | 2524 | $5.85 | Disposed | 4298 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-03 | Restricted Stock Units | $ | A | 286500 | Acquired | Class A Common Stock (286500.0) | Direct | |
| 2023-01-03 | Performance-based Restricted Stock Units | $ | A | 1000000 | Acquired | Class A Common Stock (1000000.0) | Direct | |
| 2023-01-03 | Restricted Stock Units | $ | A | 33750 | Acquired | Class A Common Stock (33750.0) | Indirect | |
| 2023-01-03 | Restricted Stock Units | $ | M | 6153 | Disposed | Class A Common Stock (6153.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class V Common Stock | 6201506 | Direct |
| Class A Common Stock | 29850 | Indirect |
Footnotes
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: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock
F3: The time-based restricted stock units shall vest and become nonforfeitable with respect to twenty-five percent (25%) of the total number of restricted stock units on each of the first, second, third and fourth anniversaries of the grant date.
F4: Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F5: These performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price targets set at $20, $30 and $40 per share of indie's Class A common stock prior to the expiration of a four-year performance period ending on December 31, 2026. The number of units that vest shall be 500,000 units at $20 per share, 850,000 units at $30 per share, and 1,000,000 units at $40 per share.