indie Semiconductor, Inc.

(a) On May 12, 2025, the Company initiated a restructuring plan designed to improve operational efficiencies, reduce operating costs and better align the Company’s workforce with top strategic priorities and key growth opportunities (the “2025 Restructuring Plan”). The 2025 Restructuring Plan includes, but is not limited to, consolidation of facilities, reduction of workforce in various geographic locations and early termination of certain contractual obligations. The Company expects to incur a series of restructuring charges, both cash and non-cash, of approximately $8,000 to $12,000 for charges such as employees’ termination related payments, termination costs related to lease and other contractual obligations and certain asset impairments. The Company may incur additional expenses due to unanticipated events that may occur in connection with the 2025 Restructuring Plan. The Company expects the 2025 Restructuring Plan to be substantially executed by the end of 2025. There is no guarantee that the actual charges to be incurred will not exceed management’s estimates.

The estimate of the charges that the Company expects to incur in connection with the 2025 Restructuring Plan, and the timing thereof, are subject to a number of assumptions. The Company may incur additional expenses due to unanticipated events that may occur in connection with implementation of the 2025 Restructuring Plan. There is no guarantee that the actual charges to be incurred will not exceed management’s estimates.

(c) On March 3, 2025, Kanwardev Raja Singh Bal, Chief Financial Officer, Executive Vice President and Chief Accounting Officer of the Company, terminated a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) ”) which was initially adopted on November 14, 2024 for the sale of up to 246,315 shares of Class A common stock until October 31, 2026. Such termination was prior to the commencement of sales under Mr. Bal’s Rule 10b5-1 trading arrangement.