Filing Details
- Accession Number:
- 0001821769-22-000038
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-11-22 21:28:48
- Reporting Period:
- 2022-11-18
- Accepted Time:
- 2022-11-22 21:28:48
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1821769 | Navitas Semiconductor Corp | NVTS | Semiconductors & Related Devices (3674) | 852560226 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1888341 | Eugene Sheridan | C/O Navitas Semiconductor Corporation 3520 Challenger St. Torrance CA 90503-1640 | President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2022-11-18 | 258,808 | $4.38 | 2,477,192 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2022-11-21 | 263,109 | $4.09 | 2,214,083 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 210,000 | Indirect | GSMS Trust |
| Class A Common Stock | 600,000 | Indirect | Lolas Trust |
| Class A Common Stock | 2,266,044 | Indirect | Eugene and Melissa Sheridan Trust |
Footnotes
- In accordance with issuer policy the reported securities were sold automatically solely to cover applicable withholding taxes, incurred by the reporting person as a result of the settlement of vested restricted stock units (RSUs), in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act.
- The reported securities were sold in multiple trades at prices ranging from $4.37 to $4.48, inclusive. The price reported above reflects the weighted average sale price. 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 and prices at which the transaction was effected.
- The reported securities were sold in multiple trades at prices ranging from $4.06 to $4.38, inclusive. The price reported above reflects the weighted average sale price. 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 and prices at which the transaction was effected.
- Consists of (i) 390,083 shares of common stock and (ii) 1,824,000 shares of common stock underlying unvested restricted stock units, which will vest in one-half increments on each of August 25, 2023 and August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. Vesting results in the delivery of one share of common stock per vested unit following the vesting date.
- The reporting person disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that the reporting person beneficially owns the reported securities for purposes of Section 16 or any other purpose.
Billionaire Hedge Funds
