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Filing Details

Accession Number:: 0001821769-23-000116
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-16 19:14:19
Reporting Period:: 2023-06-14

Accepted Time:: 2023-06-16 19:14:19
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 Street Torrance CA 90503-1640	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-06-14	24,374	$9.99	975,626	No	4	S	Indirect	GaNFast Trust
Class A Common Stock	Disposition	2023-06-15	16,666	$9.78	958,960	No	4	S	Indirect	GaNFast Trust
Class A Common Stock	Disposition	2023-06-15	200,000	$0.00	1,066,044	No	4	G	Indirect	Eugene and Melissa Sheridan Trust
Class A Common Stock	Acquisiton	2023-06-15	200,000	$0.00	2,414,083	No	4	G	Direct
Class A Common Stock	Disposition	2023-06-15	200,000	$0.00	2,214,083	No	4	G	Direct
Class A Common Stock	Acquisiton	2023-06-15	200,000	$0.00	800,000	No	4	G	Indirect	Lolas Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	GaNFast Trust
No	4	S	Indirect	GaNFast Trust
No	4	G	Indirect	Eugene and Melissa Sheridan Trust
No	4	G	Direct
No	4	G	Direct
No	4	G	Indirect	Lolas Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	210,000	Indirect	GSMS Trust

Footnotes

The reported sales were made pursuant to a contract, instruction or written plan intended to satisfy the conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934.
The reported securities were sold in multiple trades at prices ranging from $9.75 to $10.11, 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 $9.58 to $9.99, 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.
As a condition to the permissibility of the gift under lock-up agreements to which the gifted shares were subject before the transaction, the donee has agreed that the gifted shares will be subject to the same transfer restrictions after the transaction.
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.