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indie Semiconductor, Inc. — Director's Dealing 2024
Sep 5, 2024
32428_dirs_2024-09-04_29dc50f3-7401-4f27-952d-ffb1dc44f8f7.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: 2024-08-31
Reporting Person: Wittmann Michael (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-31 | Class A Common Stock | M | 6250 | — | Acquired | 50360 | Direct |
| 2024-09-01 | Class A Common Stock | M | 4569 | — | Acquired | 54929 | Direct |
| 2024-09-03 | Class A Common Stock | F | 2416 | $3.83 | Disposed | 52513 | Direct |
| 2024-09-03 | Class A Common Stock | S | 709 | $3.83 | Disposed | 51804 | Direct |
| 2024-09-03 | Class A Common Stock | F | 1747 | $3.88 | Disposed | 50057 | Direct |
| 2024-09-03 | Class A Common Stock | S | 2822 | $3.88 | Disposed | 47235 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-31 | Restricted Stock Units | $0 | M | 6250 | Disposed | Class A Common Stock (6250) | Direct | |
| 2024-09-01 | Restricted Stock Units | $ | A | 4569 | Acquired | Class A Common Stock (4569) | Direct | |
| 2024-09-01 | Restricted Stock Units | $ | M | 4569 | Disposed | Class A Common Stock (4569) | Direct |
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: The sales made in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024. The Reporting Person's Rule 10b5-1 plan includes automated open market sales of the Issuer's Class A common stock on predetermined dates through March 10, 2026.
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 $3.74 to $4.07, 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: 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.
F5: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. Such restricted stock units vest at the rate of 25% annually beginning August 31, 2023.
F6: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7: 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. The number of underlying shares is equal to the amount of the forgone salary, divided by the closing trading price of INDI on the date of grant.