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
  1. 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.
  2. 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.
  3. 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.