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Filing Details

Accession Number:: 0001821769-23-000150
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-30 21:50:47
Reporting Period:: 2023-08-28

Accepted Time:: 2023-08-30 21:50:47
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	2023-08-28	306,241	$8.32	1,607,842	No	4	S	Direct
Class A Common Stock	Disposition	2023-08-29	303,600	$8.20	1,304,242	No	4	S	Direct
Class A Common Stock	Disposition	2023-08-30	302,159	$8.30	1,002,083	No	4	S	Direct
Class A Common Stock	Disposition	2023-08-29	140,000	$0.00	0	No	4	G	Indirect	By spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	G	Indirect	By spouse

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,226,044	Indirect	Eugene and Melissa Sheridan Trust
Class A Common Stock	861,528	Indirect	GaNFast Trust
Class A Common Stock	800,000	Indirect	Lolas Trust

Footnotes

Includes but is not limited to sales executed automatically, pursuant to issuer policy, 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. Of the total number of reported securities sold on 8/28/2023, 8/29/2023 and 8/30/2023, a total of 450,181 shares were sold to cover such withholding taxes.
The reported securities were sold in multiple trades at prices ranging from $8.065 to $8.5700, 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 $8.0150 to $8.3900, 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 $8.0150 to $8.4650, 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) 90,083 shares of common stock held directly and (ii) 912,000 shares of common stock underlying unvested restricted stock units, which will vest in full on 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, before taxes.
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.