indie Semiconductor, Inc. — Director's Dealing 2024

Jan 17, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: indie Semiconductor, Inc. (INDI)
CIK: 0001841925
Period of Report: 2024-01-13

Reporting Person: Bal Kanwardev Raja Singh (SVP Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-13	Restricted Stock Units	$	A	100000	Acquired		Class A Common Stock (100000)	Direct
2024-01-13	Performance-based Restricted Stock Units	$	A	200000	Acquired		Class A Common Stock (200000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F2: 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.

F3: Each performance-based restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F4: These performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price target set at $13 per share of Issuer's Class A common stock prior to the expiration of a three-year performance period ending on January 13, 2027 (the "Performance Period"). Upon achievement of the stock price target, 50% of the performance-based restricted stock units shall vest, and the remaining 50% shall vest on the earlier of a) one-year from date of achievement or b) the end of the Performance Period.