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Filing Details

Accession Number:: 0001821769-24-000147
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-10 21:29:17
Reporting Period:: 2024-12-06

Accepted Time:: 2024-12-10 21:29:17
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
1943408	Ranbir Singh	C/O Navitas Semiconductor Corporation 3520 Challenger Street Torrance CA 90503-1640		Yes	No	Yes	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	2024-12-06	179,038	$0.00	208,395	No	4	A	Direct
Class A Common Stock	Disposition	2024-12-10	34,642	$4.27	173,753	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	24,883,161	Indirect	SiCPower, LLC

Footnotes

Reflects shares of common stock underlying restricted stock units (RSUs), 162,661 of which were fully vested upon grant and 16,377 of which are scheduled to vest on the date of the issuer's 2025 annual stockholders' meeting, subject to the reporting person's continued service as a director of the company on the vesting date, in each case granted in connection with the reporting person's election to the issuer's board of directors as disclosed in the issuer's current report on Form 8-K filed with the Securities and Exchange Commission on December 3, 2024. RSUs entitle the holder to receive one share of common stock per vested RSU, upon or promptly following the vesting date, before "sales to cover" taxes as described in note 2 and subject to the applicable equity incentive plan and policies of the issuer.
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 or the number of shares sold.
The reported securities were sold in multiple trades at prices ranging from $4.1450 to $4.2691, 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 the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of the shares held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934.