Steven Machuga - Aug 31, 2022 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role
Chief Operating Officer
Signature
/s/ Steve Machuga by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol
INDI
Transactions as of
Aug 31, 2022
Transactions value $
-$468,050
Form type
4
Date filed
9/2/2022, 06:52 PM
Previous filing
Aug 16, 2022
Next filing
Sep 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDI Class A Common Stock Sale -$468K -55K -30.22% $8.51 127K Aug 31, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INDI Restricted Stock Units Award $0 +50K $0.00 50K Aug 31, 2022 Class A Common Stock 50K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock sold in the open market pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on June 15, 2022. The Reporting Person's 10b5-1 plan includes a series of automated open market sales with a range of predetermined prices through January 20, 2023.
F2 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 $8.50 to $8.53, 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.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 The Reporting Person was granted time-based restricted stock units that shall vest and become nonforfeitable with respect to twenty-five (25%) of the total number of restricted stock units on each of the first, second, third and fourth anniversaries of the grant date.