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Filing Details

Accession Number:: 0001821769-24-000045
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-03-15 20:41:49
Reporting Period:: 2024-03-13

Accepted Time:: 2024-03-15 20:41:49
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	Acquisiton	2024-03-13	98,435	$0.00	3,100,062	No	4	A	Direct
Class A Common Stock	Disposition	2024-03-14	38,431	$4.80	3,061,631	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	1,226,044	Indirect	Eugene and Melissa Sheridan Trust
Class A Common Stock	800,000	Indirect	Lolas Trust
Class A Common Stock	761,332	Indirect	GaNFast Trust

Footnotes

Reflects settlement of shares underlying vested restricted stock units ("RSUs").
Reflects sales made pursuant to the issuer's policy requiring "sales to cover" of the minimum number of shares as are necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award, including restricted stock units, and intending to satisfy the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934. The reporting person does not exercise control over the timing of such sales.
The reported securities were sold in multiple trades at prices ranging from $4.6400 to $4.8100, 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) 2,149,631 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. Reported shares include 5,000 shares purchased under the issuer's Employee Stock Purchase Plan, which purchase was exempt from Section 16 of the Exchange Act pursuant to Rule 16a-3(f)(1)(i)(B) and Rule 16b-3(c) thereunder.
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.