Filing Details

Accession Number:
0001821769-24-000046
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-15 20:42:01
Reporting Period:
2024-03-13
Accepted Time:
2024-03-15 20:42:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1821769 Navitas Semiconductor Corp NVTS () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1520256 M. Daniel Kinzer C/O Navitas Semiconductor Corporation
3520 Challenger Street
Torrance CA 90503-1640
Coo And Cto 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 Acquisiton 2024-03-13 60,404 $0.00 4,562,426 No 4 A Direct
Class A Common Stock Disposition 2024-03-14 24,073 $4.80 4,538,353 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Footnotes
  1. Reflects settlement of shares underlying vested restricted stock units ("RSUs").
  2. 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.
  3. 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.
  4. Consists of (i) 4,173,553 shares of common stock and (ii) 364,800 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 3,707 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.