4//SEC Filing
Machuga Steven 4
Accession 0001628280-23-000507
CIK 0001841925other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:14 PM ET
Size
13.6 KB
Accession
0001628280-23-000507
Insider Transaction Report
Form 4
Machuga Steven
Chief Operating Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-01-03+2,538→ 108,941 total - Award
Restricted Stock Units
2023-01-03+56,250→ 56,250 total→ Class A Common Stock (56,250 underlying) - Tax Payment
Class A Common Stock
2023-01-04$5.85/sh−1,142$6,681→ 107,799 total - Award
Performance-based Restricted Stock Units
2023-01-03+50,000→ 50,000 total→ Class A Common Stock (50,000 underlying) - Exercise/Conversion
Restricted Stock Units
2023-01-03−2,538→ 24,993 total→ Class A Common Stock (2,538 underlying)
Footnotes (6)
- [F1]Represents shares of Class A common stock sold in the open market pursuant to a 10b5-1 plan to pay for withholding taxes in connection with the vesting of restricted stock units previously granted to the Reporting Person. This 10b5-1 plan was adopted by the Reporting Person on June 15, 2022, and modified on September 14, 2022.
- [F2]All the shares reported in this Form 4 were sold in one transaction and sold at $5.85 to cover withholding taxes.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock
- [F4]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.
- [F5]Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F6]These performance-based restricted stock units shall be earned and become vested based on the achievement of the stock price targets set at $20, $30 and $40 per share of indie's Class A common stock prior to the expiration of a four-year performance period ending on December 31, 2026. The number of units that vest shall be 16,666 units at $20 per share, 33,332 units at $30 per share, and 50,000 units at $40 per share.
Documents
Issuer
indie Semiconductor, Inc.
CIK 0001841925
Entity typeother
Related Parties
1- filerCIK 0001865419
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:14 PM ET
- Size
- 13.6 KB