Home > Insider Trading > Filing (0001821769-23-000159)

Filing Details

Accession Number:: 0001821769-23-000159
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-10-06 20:17:12
Reporting Period:: 2023-10-05

Accepted Time:: 2023-10-06 20:17:12
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	2023-10-05	16,666	$6.44	811,330	No	4	S	Indirect	GaNFast Trust
Class A Common Stock	Disposition	2023-10-06	16,666	$6.34	794,664	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	2,996,627	Direct
Class A Common Stock	1,226,044	Indirect	Eugene and Melissa Sheridan Trust
Class A Common Stock	800,000	Indirect	Lolas Trust

Footnotes

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.
The reported securities were sold in multiple trades at prices ranging from $6.2700 to $6.6900, 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 $6.1700 to $6.4550, 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) 2,084,627 shares of common stock and (ii) 912,000 shares of common stock underlying unvested restricted stock units ("RSUs") , which will vest in full on August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. RSU vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before sales of settled shares to cover withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies.
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.