Scott Kee - Dec 10, 2021 Form 4 Insider Report for indie Semiconductor, Inc. (INDI)

Role: Chief Technology Officer
Signature: /s/ Scott Kee by Naixi Wu pursuant to power of attorney filed on June 21, 2021
Stock symbol: INDI
Transactions as of: Dec 10, 2021
Transactions value $: -$7,210,851
Form type: 4
Date filed: 12/14/2021, 07:10 PM
Previous filing: Jun 21, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INDI	Class V Common Stock	Options Exercise	$0	-352K	-5.56%	$0.00	5.98M	Dec 10, 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+352K	+55661.93%	$0.00	353K	Dec 10, 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	-$4.26M	-352K	-99.82%	$12.08	633	Dec 10, 2021	Direct
transaction	INDI	Class V Common Stock	Options Exercise	$0	-248K	-4.14%	$0.00	5.73M	Dec 13, 2021	Direct	F1
transaction	INDI	Class A Common Stock	Options Exercise	$0	+248K	+39124.8%	$0.00	248K	Dec 13, 2021	Direct	F2
transaction	INDI	Class A Common Stock	Sale	-$2.95M	-248K	-99.75%	$11.93	633	Dec 13, 2021	Direct

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	ADK Class A Units	Options Exercise	$0	-352K	-5.56%	$0.00	5.98M	Dec 10, 2021	Class A Common Stock	352K	$0.00	Direct	F2, F3
transaction	INDI	ADK Class A Units	Options Exercise	$0	-248K	-4.14%	$0.00	5.73M	Dec 13, 2021	Class A Common Stock	248K	$0.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Cancellation of Class V Common Stock upon Reporting Person's exchange of ADK Class A Units for an equal number of shares of Class A Common Stock. See note 2.
F2	Class A Common Stock received upon conversion of ADK Class A Units. The ADK Class A Units may be exchanged by the Reporting Person at any time after December 10, 2021 for an equal amount of shares of Class A Common Stock or, at the election of the Issuer, cash equal to the fair market value of such shares. Upon the Reporting Person's exchange of an ADK Class A Unit for Class A Common Stock, an equivalent number of shares of Class V Common Stock will be cancelled.
F3	N/A