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Form 3 indie Semiconductor, For: Dec 01 Filed by: Bal Kanwardev Raja Singh

December 9, 2022 6:02 PM EST

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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Bal Kanwardev Raja Singh

(Last) (First) (Middle)
C/O INDIE SEMICONDUCTOR, INC.
32 JOURNEY

(Street)
ALISO VIEJO CA 92656

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/01/2022
3. Issuer Name and Ticker or Trading Symbol
indie Semiconductor, Inc. [ INDI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP Chief Accounting Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 19,507
D
 
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   (1)   (1) Class A Common Stock 5,769 0 D  
Performance-based Restricted Stock Units   (2)   (2) Class A Common Stock 17,308 0 D  
Restricted Stock Units   (3)   (3) Class A Common Stock 50,000 0 D  
Phantom Awards   (4)   (4) Class A Common Stock 139,001 0 D  
Employee Stock Option (right to buy)   (5) 03/09/2032 (5) Class A Common Stock 16,558 7.58 D  
Explanation of Responses:
1. 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 March 9, 2023.
2. Each performance-based restricted stock unit represent a contingent right to receive one share of Class A Common Stock. Reported shares reflect the target number of shares awarded to the Reporting Person by the Compensation Committee of the Issuer's Board of Directors. Subject to the Issuer's Class A common stock achieving a specified price per share, the number of shares issued pursuant to the award may range from 0% to 200% of the target.
3. 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.
4. Each phantom award represents a contingent right to receive one share of Class A Common Stock. Such phantom awards will vest in installments of 69,501 and 69,500 on October 12, 2023 and 2024, respectively.
5. These stock options vest with respect to twenty-five percent (25%) of the total number of shares of Class A common stock subject to the stock option on each of the first, second, third and fourth anniversaries of the grant date beginning March 9, 2023.
Remarks:
Exhibit List - Exhibit 24.1 Power of Attorney
/s/ Bal, K. Raja S. by Naixi Wu pursuant to power of attorney filed on December 7, 2022 12/09/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

ATTACHMENTS / EXHIBITS

POWER OF ATTORNEY FOR: /S/ K. RAJA S. BAL BY NAIXI WU PURSUANT TO POWER OF ATTORNEY FILED ON DECEMBER 7, 2022



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