Filing Details

Accession Number:
0001821769-23-000041
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-20 18:19:15
Reporting Period:
2023-03-16
Accepted Time:
2023-03-20 18:19:15
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
1943408 Ranbir Singh C/O Navitas Semiconductor Corporation
3520 Challenger Street
Torrance CA 90503-1640
Evp, Genesic Business No Yes Yes 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 2023-03-16 4,308 $0.00 4,308 No 4 A Direct
Class A Common Stock Disposition 2023-03-17 1,556 $6.55 2,752 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 18,645,603 Indirect SiCPower, LLC
Class A Common Stock 6,237,558 Indirect In trust
Footnotes
  1. Reflects shares underlying award of fully vested restricted stock units ("RSUs").
  2. 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 RSUs, in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act.
  3. The reported securities were sold in multiple trades at prices ranging from $6.55 to $6.61, 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.
  4. The reporting person is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of the reported securities held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise.
  5. The reported securities are held in an irrevocable trust for which the reporting person acted as grantor. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise.