Filing Details
- Accession Number:
- 0001821769-24-000139
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-12-06 20:05:41
- Reporting Period:
- 2024-12-06
- Accepted Time:
- 2024-12-06 20:05:41
- 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 |
---|---|---|---|---|---|---|---|
1218306 | J Richard Hendrix | 40 S. Main Street, #2550 Memphis TN 38103 | Yes | No | 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 | 2024-12-06 | 80,000 | $4.04 | 356,709 | No | 4 | S | Indirect | By RJH Management Co., LLC |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Indirect | By RJH Management Co., LLC |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Class A Common Stock | 94,739 | Direct | |
Class A Common Stock | 1,263,000 | Indirect | By Live Oak Sponsor Partners II, LLC |
Class A Common Stock | 42,366 | Indirect | By Live Oak Merchant Partners, LLC |
Class A Common Stock | 71,807 | Indirect | By Individual retirement accounts |
Footnotes
- The reported securities were sold in multiple trades at prices ranging from $3.8800 to $4.1400, 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) 63,279 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 per vested RSU following the vesting date in accordance with the Plan and subject to applicable issuer policies.
- The reporting person is a managing member of the referenced limited liability company. The reporting person disclaims beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, except to the extent of his pecuniary interest therein.