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Filing Details

Accession Number:: 0001821769-24-000151
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-10 21:57:13
Reporting Period:: 2024-12-06

Accepted Time:: 2024-12-10 21:57:13
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

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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	2024-12-06	10,000	$3.72	32,366	No	4	S	Indirect	By Live Oak Merchant Partners, LLC
Class A Common Stock	Disposition	2024-12-09	40,000	$4.54	316,709	No	4	S	Indirect	By RJH Management Co., LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Live Oak Merchant Partners, LLC
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	1,263,000	Indirect	By Live Oak Sponsor Partners II, LLC
Class A Common Stock	71,807	Indirect	By Individual retirement accounts
Class A Common Stock	94,739	Direct

Footnotes

The reported securities were sold in multiple trades at prices ranging from $3.7200 to $3.7210, 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 the specified limited liability company. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
The sale of 40,000 shares reported herein is in addition to the sale by RJH Management Co., LLC of 80,000 shares on 12/06/2024 as reported on a Form 4 filed by the reporting person on that date.
The reported securities were sold in multiple trades at prices ranging from $4.5100 to $4.5750, 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 and (ii) 31,460 shares of common stock 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.