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Filing Details

Accession Number:: 0001821769-24-000131
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-26 16:39:25
Reporting Period:: 2024-11-22

Accepted Time:: 2024-11-26 16:39:25
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
1709974	Jr Kent Gary Wunderlich	40 S. Main Street, #2550 Memphis TN 38103		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2024-11-22	15,000	$2.39	42,366	No	4	S	Indirect	Live Oak Merchant Partners, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Live Oak Merchant Partners, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,263,000	Indirect	Live Oak Sponsor Partners II, LLC
Class A Common Stock	470,224	Direct
Class A Common Stock	156,809	Indirect	Individual retirement account
Class A Common Stock	2,610	Indirect	Trust A
Class A Common Stock	2,610	Indirect	Trust B
Class A Common Stock	2,610	Indirect	Trust C
Class A Common Stock	2,610	Indirect	Trust D

Footnotes

The reported shares were previously held by Live Oak Sponsor Partners II, LLC ("Live Oak Sponsor") and previously reported as beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. As described in footnote 4, the reported shares were later distributed by Live Oak Sponsor to its members, including Live Oak Merchant Partners, LLC ("Live Oak Merchant"), in a transaction which was not reportable under Section 16 of the Securities Exchange Act of 1934 ("Exchange Act").
The reported securities were sold in multiple trades at prices ranging from $2.380 to $2.395, 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 reporting person is a managing member of Live Oak Merchant. The reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein.
On or about October 19, 2024, Live Oak Sponsor transferred an aggregate of 1,684,000 shares of the Issuer's common stock to its members, including but not limited to the transfers described in footnotes 1, 7 and 8, in a transaction which was not reportable under Section 16 of the Exchange Act.
The reporting person is a managing member of Live Oak Sponsor. The reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein.
Consists of (i) 438,764 shares of common stock held directly and (ii) 31,460 shares underlying unvested restricted stock units ("RSUs") subject to vesting on the date of the issuer's 2025 annual stockholders' meeting. RSU vesting is subject to the reporting person's continued service on the issuer's board of directors on the vesting date. RSUs are granted under the issuer's non-employee director compensation program and 2021 Equity Incentive Plan (the "Plan"), and represent the reporting person's right to receive one share of Class A Common Stock following the vesting date in accordance with the Plan and subject to applicable issuer policies.
Shares held directly include 115,965 shares which were previously held by Live Oak Sponsor and previously reported as beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. As described in footnote 4, Live Oak Sponsor subsequently distributed shares to its members, including but not limited to the reporting person, in a transaction which was not reportable under Section 16 of the Exchange Act.
Includes 43,303 shares of common stock which were previously held by Live Oak Sponsor and previously reported as beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. As described in footnote 4, Live Oak Sponsor subsequently distributed shares to its members, including but not limited to a retirement account of the reporting person, in a transaction which was not reportable under Section 16 of the Exchange Act.
Reported shares are held in separate trusts for the benefit of the reporting person's immediate family members.