Filing Details
- Accession Number:
- 0001821769-23-000032
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-16 20:12:56
- Reporting Period:
- 2023-03-14
- Accepted Time:
- 2023-03-16 20:12:56
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1821769 | Navitas Semiconductor Corp | NVTS | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1229575 | Ron Shelton | C/O Navitas Semiconductor Corporation 3520 Challenger Street Torrance CA 90503-1640 | Sr Vp, Cfo And Treasurer | No | 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 | Acquisiton | 2023-03-14 | 7,865 | $0.00 | 382,865 | No | 4 | A | Direct | |
| Class A Common Stock | Disposition | 2023-03-15 | 3,313 | $6.30 | 379,552 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Footnotes
- Reflects grant of fully vested restricted stock units (RSUs).
- 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 $6.20 to $6.31, 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) 4,552 shares of common stock and (ii) 375,000 shares underlying restricted stock units which will vest in 25% increments on each of the first four anniversaries of April 20, 2022, subject to the reporting person's continued employment by the issuer on the applicable vesting date, or earlier upon certain events. Upon vesting, RSUs convert into common stock on a one-for-one basis.
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