Filing Details

Accession Number:
0001821769-23-000155
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-08 07:35:33
Reporting Period:
2023-09-05
Accepted Time:
2023-09-08 07:35:33
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-09-05 16,866 $8.65 844,662 No 4 S Indirect GaNFast Trust
Class A Common Stock Disposition 2023-09-06 16,666 $8.57 827,996 No 4 S Indirect GaNFast Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect GaNFast Trust
No 4 S Indirect GaNFast Trust
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 1,002,083 Direct
Class A Common Stock 800,000 Indirect Lolas Trust
Footnotes
  1. The reported shares were sold 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.
  2. The reported securities were sold in multiple trades at prices ranging from $8.5350 to $8.8150, 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.
  3. The reported securities were sold in multiple trades at prices ranging from $8.4800 to $8.7600, 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. 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 and subject to the issuer's equity incentive plan and applicable policies.
  5. 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.